PhillipBrown (Phil)

Counsel

Atlanta + 1.404.581.8527

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Phil Brown represents both lenders and borrowers in complex commercial finance transactions. He has extensive experience with secured and unsecured financings, asset-based facilities, cash flow facilities, acquisition financing, real estate financings, portfolio sales, restructurings, and subordinated debt transactions. These transactions have included syndicated facilities, club deals, and single-lender financings.

Phil has worked with a wide variety of commercial lenders, sponsors, and borrowers, in many different industries, including health care, real estate, technology, manufacturing, retail, and agriculture.

Experience

  • Innventure enters agreement with Learn CWJones Day advised Innventure LLC in its business combination with Learn CW Investment Corporation, a publicly traded special purpose acquisition company (NYSE: “LCW”) sponsored by CWAM LC Sponsor LLC, an affiliate of Learn Capital and Commonwealth Asset Management.
  • Woolworths Group Limited acquires assets of Takeoff Technologies, Inc. through 363 sale credit bid of postpetition loans avoiding cessation of certain automated business operationsJones Day represented major Australian retailer, Woolworths Group Limited, in connection with a series of transactions to acquire software from its vendor, Takeoff Technologies, Inc., which filed for chapter 11 in May 2024.
  • Oncor Electric Delivery Company obtains $650 million credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas’s largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $650 million senior unsecured delayed draw term loan facility.
  • Granite Construction obtains $350 million revolving credit facilityJones Day represented Granite Construction Incorporated, one of the largest diversified construction and construction materials companies in the United States, in connection with a $350 million revolving credit facility with Bank of America, N.A., as administrative agent and lender.
  • Leading financial services company provides $400 million syndicated senior secured credit facility to public defense contractor and security systems companyJones Day represented a leading financial services company, as left lead arranger and administrative agent, in connection with a $400 million syndicated senior secured credit facility, consisting of a $200 million term loan and a $200 million revolving credit facility, provided to a public defense contractor and security systems company.
  • Oncor Electric Delivery Company obtains $2 billion sustainability-linked revolving credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas’s largest transmission and distribution electric utility, in connection with a $2 billion sustainability-linked revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent.
  • Leading financial services company provides $56 million senior secured credit facility for sponsor-backed acquisition of a health, wellness, and fitness companyJones Day represented a leading financial services company, as sole lead arranger and administrative agent, in a $56 million senior secured credit facility, consisting of a $30 million term loan and a $26 million delayed draw term loan, in connection with a sponsor-backed acquisition of a health, wellness, and fitness company.
  • Wells Fargo provides $170 million secured revolving credit facility to California-based homebuilderJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $170 million secured revolving credit facility provided to a California-based homebuilder.
  • PureCycle Technologies combines with Roth CH Acquisition I Co.Jones Day advised PureCycle Technologies LLC ("PureCycle") in its business combination with Roth CH Acquisition I Co. ("Roth SPAC"), a publicly-traded special purpose acquisition corporation backed by Roth Capital Partners and Craig-Hallum Capital Group, and Roth CH Acquisition I Co. Parent Corp., a wholly owned subsidiary of Roth CH ("Holdings"), among others.
  • PureCycle Technologies completes $60 million Convertible Senior Notes offeringJones Day represented PureCycle Technologies LLC ("PureCycle") in connection with its initial issuance of $48 million aggregate principal amount of 5.875% Convertible Senior Notes due 2022 (the "Initial Notes") and an add-on issuance of $12 million aggregate principal amount of 5.875% Convertible Senior Secured Notes due 2022 (the "Second Tranche Notes" and together with the Initial Notes, the "Convertible Notes").
  • OmniMax sells company to SVPGlobalJones Day advised OmniMax International, Inc., the leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets, in its acquisition by Strategic Value Partners, LLC and its affiliates ("SVPGlobal").
  • Direct lender provides $70 million senior secured term loan facility to leading global mobile advertising technology companyJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $70 million senior secured term loan facility provided to a leading global mobile advertising technology company.
  • Investment management firm and its affiliated funds recapitalize technology firmJones Day advised an investment management firm and its affiliated funds in connection with a strategic recapitalization of a technology firm.
  • Oncor Electric Delivery Company obtains $350 million multi-draw term loan credit facilityJones Day represented Oncor Electric Delivery Company LLC, a regulated electric transmission and distribution service provider, in connection with a $350 million multi-draw term loan credit facility arranged and led by Wells Fargo Bank, National Association, as administrative agent.
  • Oncor Electric Delivery Company obtains $450 million term loan credit facilityJones Day represented Oncor Electric Delivery Company LLC, a regulated electric transmission and distribution service provider, in connection with a term loan credit facility that allows for up to four delayed drawings of up to a cumulative amount of $450 million with Sumitomo Mitsui Banking Corporation, as administrative agent and lender.
  • Financial institution provides $160 million senior secured credit facilities to provider of continuing medical education events and contentJones Day represented a financial institution in connection with a $160 million senior secured credit facilities to a provider of continuing medical education events and content.
  • Oncor Electric Delivery Company obtains $460 million term loanJones Day represented Oncor Electric Delivery Company LLC, a regulated electric transmission and distribution service provider, in connection with a $460 million term loan facility with Wells Fargo Bank, National Association, as administrative agent and lender.
  • Oncor Electric Delivery Company obtains $600 million financing for acquisition of InfraREITJones Day represented Oncor Electric Delivery Company LLC, a regulated electric transmission and distribution service provider, in a $600 million term loan in connection with the acquisition of InfraREIT and its subsidiary, InfraREIT Partners.
  • Crestline Direct Finance provides $125 million senior secured term loan to subscription based online retailerJones Day advised Crestline Direct Finance, as administrative agent, collateral agent, and sole lead arranger, in connection with a $125 million senior secured term loan facility provided to a subscription based online retailer.
  • Major financial institution amends and restates credit facility for international plastic resin distributorJones Day represented a major financial institution, as lead arranger and administrative agent, in connection with the amendment and restatement of an asset-based revolving credit facility provided to an international plastic resin distributor.
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