Nick Nikic

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Biography

Nick Nikic

Nick Nikic is a partner in Weil’s Banking & Finance practice and is based in New York. Nick’s experience includes advising asset managers and investment funds in a variety of fund financing transactions, including capital call lines, NAV facilities, margin loans and other fund and general partner liquidity solutions, as well as institutional lenders, commercial banks and direct lenders on all types of banking transactions, including acquisition financings, first and second lien credit facilities, middle market and large cap financings, liability management exercises, restructurings, cross-border transactions and asset-based loans.

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Investment Funds

  • Brookfield Asset Management in subscription, NAV and hybrid credit facilities for various of its infrastructure and credit investment funds, as well as margin loan facilities
  • Altas, OakTree and Stripes in subscription credit facilities for various investment funds
  • An investment manager in NAV credit facilities for various special situations and real assets investment funds

Direct Lending

  • Northleaf Capital Partners and Partners Group, as lead arrangers, in a senior secured credit facility to support a significant investment from Five Arrows, the alternative assets arm of Rothschild & Co., for KEV Group, Inc.
  • Blue Owl Capital Corporation, as administrative agent and collateral agent, in a senior secured term loan facility for Soleo Holdings, Inc.
  • Goldman Sachs in $865 million second lien facilities to finance Brookfield’s acquisition of CDK Global Inc.

Syndicated Lending

  • JPMorgan Chase, as administrative agent and collateral agent, in a $200 million senior secured revolving facility for Progyny, Inc.
  • The joint lead arrangers and joint bookrunners in $2.8 billion senior secured facilities for The Hertz Corporation to finance its business operations upon emerging from chapter 11 bankruptcy proceedings and in connection with the amendment and extension of its existing $2 billion revolving credit facility
  • Citi Commercial Bank in connection with securing financings including in respect of Cerence, Cloudflare, Cuisine Solutions, Delta Plastics, ExlService Holdings, Etsy, Integrated Project Services, Medifast, MiraMed, Schweitzer Engineering Laboratories and Starkey Laboratories
  • Jefferies, Macquarie and Antares, as joint lead arrangers and joint bookrunners, in $345 million first lien facilities to finance Leonard Green's acquisition of Wrench Group, Inc.
  • The lead arrangers, joint bookrunners and agents in $1.1 billion first and second lien multicurrency facilities to finance KKR's acquisition of a majority stake in ERM

Liability Management, Distressed and Restructuring

  • SoftBank Group Cop and SoftBank Vision Fund II, in connection with transactions related to debt and equity investments in WeWork Inc.
  • An ad hoc group of noteholders in connection with the chapter 11 bankruptcy proceedings and exit facilities for 2U, Inc.
  • A lender in connection with a $2.5 billion new money financing at an SPV of DISH DBS, DISH Network’s pay-TV business, the sale of DISH DBS to DirecTV and comprehensive $9.75 billion exchange offer of five series of DISH DBS notes for new DirecTV notes in connection with the acquisition of DISH DBS by DirecTV
  • Citi, as arranger and administrative agent, in an amended and extended asset-based revolving facilities for Steward Health Care System LLC
  • 24 Hour Fitness, Inc. in a $500 million superpriority senior secured debtor-in-possession facility to finance business operations during its chapter 11 bankruptcy proceedings
  • Citi, as administrative agent under the DIP credit facility, in the chapter 11 cases of Garrett Motion Inc.

Investment Grade Lending

  • Goldman Sachs in a $9 billion bridge facility to support the spin-off by Twenty-First Century Fox, Inc. to its shareholders of a new “Fox,” an entity comprising highly-rated news, sports and broadcast businesses, as part of a series of transactions that also included the combination of the rest of the Twenty-First Century Fox businesses with The Walt Disney Company
  • Goldman Sachs and other major financial institutions, as joint lead arrangers, in $49 billion bridge and term loan facilities to finance in part CVS Health Corporation’s $78 billion acquisition of Aetna Inc. 

Nick received his J.D. from the George Washington University Law School and his B.S. from Boston University. Prior to joining Weil, Nick was a Principal at a leading private equity firm.


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