Frank P. Nocco

Biography

Frank P. Nocco
Frank Nocco is a partner in the New York office of Weil, Gotshal & Manges. Mr. Nocco is head of the U.S. Structured Finance and Derivatives practice and is co-head of the Global Structured Finance and Derivatives practice. He represents issuers, underwriters, placement agents, credit enhancers, liquidity providers, investors and collateral managers in structured securities offerings, both in the United States and abroad.

As part of his practice, he has worked on many ground-breaking transactions, including:

  • the first rated term securitization of unsecured personal loans originated in the United States
  • the first rated term securitization of unsecured personal loans originated in multiple Caribbean jurisdictions
  • the first rated term securitization of diamond inventory and related consignment sales proceeds
  • the first asset-backed medium term note offering to be effected by a bankrupt company
  • the development of the “rental car fleet financing structure” which is regularly used to raise billions of dollars of financing for major rental car companies
  • the first cross border securitization involving Hong Kong dollar denominated credit card receivables
  • the first securitization of airline ticket receivables
  • the first securitization of trade receivables financed in the medium term note market
  • the first cross border securitization involving Canadian dollar denominated auto dealer floorplan financing receivables

Generally, Mr. Nocco has participated in the securitization of auto loans, consumer loans, commercial loans, commercial real estate properties and related leases, student loans, franchisee loans, mortgage loans, equipment loans, credit card receivables (both MasterCard/Visa and private label), trade receivables, equipment and vehicle leases, high-yield and other esoteric assets, such as royalty receivables, oil and gas production payments, diamonds and related sales proceeds, insurance broker and administrator fees, insurance premium finance contracts and intellectual property. He is experienced in structuring single-seller and multi-seller commercial paper vehicles, owner trusts, master trusts, grantor trusts, REMIC’s and off-shore and domestic special purpose vehicles that can issue a variety of debt and equity securities, including collateralized loan obligations (“CLOs”) and collateralized debt obligations (“CDOs”). He also has provided restructuring/remediation/commutation advice relating to ABS, CMBS, CDS, CDOs/CLOs and other structured products and advice to clients in connection with the various provisions of recent reform legislation impacting structured products and the securitization industry.

Mr. Nocco is ranked as a Leading Lawyer in Structured Finance by The Legal 500 US, a market leader in Structured Finance and Securitization by IFLR1000 and is continuously recognized as a leading lawyer in Capital Markets – Securitization by Chambers USA and Chambers Global and in Derivatives. He was also named a leading lawyer in Securitization and Structured Finance by Best Lawyers in America, Law Business Research’s International Who’s Who of Business Lawyers, and Euromoney Legal Media Group’s Guide to the World’s Leading Structured Finance Lawyers.

Mr. Nocco received his J.D. from the Columbia University School of Law in 1988. He graduated from Columbia College in 1985.

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