Joseph R.Nola (J.R.)

Associate

Pittsburgh + 1.412.394.9570

J.R. Nola represents financial institutions and private and public companies in connection with secured and unsecured credit facilities and other financing transactions. He has experience with senior secured financings, asset-based lending, refinancing transactions, intercompany lending, and default workouts. He has also been intimately involved advising several large financial institutions regarding the LIBOR transition, including conducting sophisticated portfolio review, crafting remediation strategies, and developing innovative contractual solutions.

Among other matters, J.R. represented PNC Bank as agent and lender in a unique $200 million term loan to AMERCO, U-Haul's parent company, which was secured entirely by AMERCO's federal income tax refund claims. In addition to PNC Bank, other representative clients include Key Bank, U. S. Steel, Citizen's Bank, Wells Fargo, KKR, Bank of America, and Cardinal Health.

Erfahrung

  • Coronado Global Resources completes US$150 million financingJones Day represented Coronado Global Resources, Inc. in connection with the replacement of its existing US$100 million asset-based lending facility maturing in May 2024 with a new US$150 million asset-based lending facility maturing in May 2026.
  • Evoqua merges with Xylem in $7.5 billion all-stock transactionJones Day advised Evoqua Water Technologies Corp. (NYSE: AQUA) in its $7.5 billion stock-for-stock merger with Xylem Inc. (NYSE: XYL).
  • Jefferies finalizes $680 million exit credit facilities in connection with acquisition of Forma Brands and its emergence from Chapter 11 bankruptcyJones Day represented Jefferies Finance LLC, as administrative agent and collateral agent, and as the borrowers' controlling equity interest owner, in connection with two bankruptcy exit credit facilities, including a $300 million term loan and a $30 million revolving credit facility provided to Forma Brands, LLC (f.k.a. FB Acquisition LLC), and a $350 million term loan provided to Beauty Brands Acquisition LLC (an indirect parent company of Forma Brands, LLC), each made in connection with the acquisition of the company's assets by Jefferies and other creditors, and the emergence of the company from Chapter 11 Bankruptcy.
  • Jefferies Finance provides $33 million superpriority secured DIP credit facility to Morphe, LLCJones Day represented Jefferies Finance LLC, as administrative agent and collateral agent, in connection with a $33 million superpriority secured debtor-in-possession credit facility provided to Morphe, LLC, a subsidiary of Forma Brands, LLC, a builder of beauty brands anchored in innovative and high-quality products, marketing and operations.
  • PNC Bank leads syndicate of lenders on $250 million unsecured term loan credit agreement for leading manufacturer and supplier of industrial safety equipmentJones Day represented PNC Bank, National Association, as administrative agent, in connection with a $250 million unsecured term loan credit agreement for a leading manufacturer and supplier of industrial safety equipment.
  • Jefferies Finance provides $28 million bridge loan facility to Morphe, LLCJones Day represented Jefferies Finance LLC, as administrative agent and collateral agent, in connection with a $28 million bridge loan credit facility provided to Morphe, LLC, a subsidiary of Forma Brands, LLC, a builder of beauty brands anchored in innovative and high-quality products, marketing and operations.
  • Sheet steel manufacturer amends and extends its existing $445.8 million senior secured construction term loanJones Day represented a sheet steel manufacturer in connection with the amendment and extension of its existing senior secured construction loan agreement, including more than $440 million of outstanding terms loans; as well as the simultaneous amendment, restatement, and extension of an existing senior secured revolving credit facility, including an increase in the commitments to $150 million.
  • PNC Bank leads syndicate of lenders on senior secured credit facility for technology company specializing in live production services and integrated permanent solutions and its affiliatesJones Day represented PNC Bank, National Association, as administrative agent, in connection with a syndicated senior secured revolving credit facility and term loan provided to a technology company specializing in live production services and integrated permanent solutions and certain of its affiliates, which included UK and Irish guarantors and which featured security documentation in the U.S., UK, and Ireland.
  • Riverside portfolio company acquires BloodHubJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company InVita Healthcare Technologies of BloodHub, a leading software provider of blood and biologics supply chain automation solutions.
  • PNC Bank leads syndicate of lenders on Enerpac’s $600 million senior secured syndicated credit facilityJones Day represented PNC Bank, National Association as administrative agent, in connection with a $600 million senior secured syndicated credit facility, comprised of a $400 million revolving credit facility and a $200 million term loan, to Enerpac Tool Group Corp. and certain of its affiliates.
  • NerdWallet acquires On The Barrelhead for $120 millionJones Day advised NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small- and mid-sized businesses, in its acquisition of On the Barrelhead, Inc. for total consideration of $120 million, consisting of approximately $70 million in cash and $50 million in NerdWallet Class A common stock.
  • Seminole Tribe of Florida refinances credit facilitiesJones Day represented the Seminole Tribe of Florida in connection with refinancing facilities consisting of a revolving credit facility and a term loan A credit facility.
  • PNC Bank leads syndicate of lenders on amendment, restatement, and increase of existing syndicated senior secured credit facility for ICF International, Inc.; ICF Consulting Group, Inc.; and certain of their affiliatesJones Day represented PNC Bank, National Association, as administrative agent, in connection with the amendment, restatement, and increase of an existing syndicated senior secured revolving credit, term loan, and delayed draw term loan facility for ICF International, Inc., ICF Consulting Group, Inc., and certain of their affiliates.
  • Digital currency platform obtains revolving credit facilityJones Day represented a digital currency platform in connection with an asset-based revolving loan secured by and tied to the value of bitcoin collateral.
  • PNC Bank amends and extends its existing $110 million syndicated senior secured revolving credit facility for large construction companyJones Day represented PNC Bank, National Association, as administrative agent, in connection with an amendment and extension of its existing $110 million syndicated senior secured revolving credit facility for a large construction company.
  • Riverside portfolio company acquires Transplant ConnectJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company inVita Healthcare Technologies of Transplant Connect, whose iTransplantSM software facilitates the donation, transplantation and research of human biologics (including organs, tissues, corneas and birth tissue).
  • American Pacific Group portfolio company acquires BioTRUST Nutrition® LLCJones Day advised American Pacific Group in connection with the acquisition and financing of BioTRUST Nutrition® LLC, a fast-growing, leading eCommerce nutrition brand with a portfolio of high-quality, science-based products that span protein, collagen, healthy living, anti-aging, and digestive health, by one of its portfolio companies, Wellbeam Consumer Health, LLC.
  • PNC Bank provides syndicated senior secured revolving credit and term loan facility to International Wire GroupJones Day represented PNC Bank, National Association, as administrative agent, in connection with a syndicated senior secured revolving credit and term loan facility provided to International Wire Group, Inc. and certain of its affiliates.
  • Montauk Energy Holdings amends existing senior secured revolving credit and term loan facilityJones Day represented Montauk Energy Holdings, LLC, as borrower, and certain of its affiliates as guarantors, in connection with a fourth amendment and joinder to their existing senior secured revolving credit and term loan facility with Comerica Bank, as agent.
  • American Pacific Group acquires FellersJones Day advised American Pacific Group in the acquisition of Fellers Inc., a distributor of vinyl wrap films and supplies.