George J.Cahill

Of Counsel

New York + 1.212.326.7835

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George Cahill's practice includes transactional, litigation, and regulatory work with a focus on complex financial instruments. George advises dealers and end-users in connection with derivatives documentation and lenders and borrowers in connection with credit agreements. He has represented trustees, arrangers, and collateral managers in litigations involving various types of structured finance transactions. He also regularly provides prelitigation advice in connection with bond, loan, and credit default swap positions. George is a member of the Firm's derivatives, structured finance, and direct lending practice areas; co-leader of the collateralized loan obligation (CLO), leveraged loan, and high yield working group; and member of the IBOR transition and special situations & restructurings working group. George also has significant experience negotiating renewable energy contracts.

Prior to joining Jones Day, George was a managing director of the derivatives team for the Lehman Brothers Holdings bankruptcy estate where he participated in more than a hundred mediations and spearheaded dozens of litigations. He achieved hundreds of settlements relating to portfolios of interest rate, credit, currency, equity, and commodity derivatives. George spent the first part of his career representing arrangers and asset managers in connection with securitizations, including CLOs, cash and synthetic collateralized debt obligations (CDOs), residential mortgage-backed securities (RMBS), and other asset-backed securities (ABS).

Experience

  • MassMutual and affiliate Great American Life Insurance Company enter into financing arrangement with others to purchase approximately $800 million of asset-backed notes to fund acquisition of natural gas assets located in TexasJones Day represented Massachusetts Mutual Life Insurance Company and Great American Life Insurance Company in connection with the issuance and purchase of approximately $800 million of asset-backed notes and certificates, the proceeds of which are being used to acquire natural gas assets located in Texas.
  • Private credit lender provides $105 million credit facility to owner of upstream oil and gas assets located in Permian Basin of Texas and New MexicoJones Day advised a private credit lender in the structuring and negotiation of a $105 million senior secured term loan and revolving credit facility provided to an owner of upstream oil and gas assets located in the Permian Basin of Texas and New Mexico.
  • Wells Fargo-led syndicate of lenders successfully negotiate secured $1.1 billion restructuring credit facility for Pennsylvania Real Estate Investment Trust (PREIT)Jones Day represented Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, in connection with the Chapter 11 financial reorganization plan of Pennsylvania Real Estate Investment Trust (“PREIT”), a publicly traded real estate investment trust that owns and manages a portfolio of shopping malls totaling over 23 million square feet of retail space.
  • Merchant banking firm provides $122.5 million acquisition financing to provider of construction accounting software and payroll servicesJones Day advised a merchant banking firm in connection with a $122.5 million senior secured credit facility, comprised of a $110 million term loan and a $12.5 million revolving credit facility, supporting the acquisition of a leading provider of construction accounting software and payroll services for small- to mid-sized specialty contractors in Ohio.
  • Global systemically important bank (GSIB) conducts risk assessment to determine impact of LIBOR transition on enterprise-wide portfoliosJones Day is advising a GSIB with respect to enterprise-wide portfolios impacted by the LIBOR transition, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • Sacyr Concesiones S.L. obtains $451.5 million project financing for Colombian toll road projectJones Day represented Sacyr Concesiones S.L., as sponsor, Unión Vial Río Pamplonita S.A.S., as concessionaire, and Fideicomiso Unión Vial Río Pamplonita S.A.S., as borrower, in connection with a $451.5 million long-term project financing, consisting of a U.S. dollar tranche and Colombian Peso debt tranches, provided by a syndicate of major financial institutions led by Deutsche Bank AG, New York Branch and JPMorgan Chase Bank, N.A.
  • Cardinal States Gathering Company and CSG Holdings obtain $125 million senior secured term loan facilityJones Day represented Cardinal States Gathering Company LLC and CSG Holdings I LLC in connection with a $125 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • CSG Holdings obtains $50 million senior secured term loan facilityJones Day represented CSG Holdings II LLC and CSG Holdings III LLC in connection with a $50 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • Direct lender provides $100 million senior secured credit facility to upstream oil and gas companyJones Day represented a direct lender in connection with a $100 million senior secured credit facility provided to an upstream oil and gas company.
  • Wells Fargo obtains summary judgment win in CDO litigationJones Day represented Wells Fargo Bank, N.A., Wells Fargo Securities LLC, and affiliate Structured Asset Investors LLC, as successor-in-interest to Wachovia Bank and Wachovia Securities, in an action filed by offshore investment vehicles of the German bank IKB alleging common law fraud in the sales of notes from three CDOs: Octans II, Sagittarius, and Longshore.
  • Corporate trustees seek advice relating to LIBOR transitionJones Day is advising two U.S.-based corporate trustees with respect to portfolios impacted by LIBOR transition and COFI cessation, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • CECO Environmental obtains $190 million financingJones Day represented CECO Environmental Corp., a leading global provider of industrial engineered products and solutions, and certain of its subsidiaries in connection with a new $190 million senior secured credit agreement, consisting of a $140 million senior secured revolving credit facility and a $50 million senior secured term loan facility.
  • Conagra Brands acquires Pinnacle Foods for $10.9 billion in cash and stockJones Day advised Conagra Brands, Inc. in connection with the acquisition and related financing of Pinnacle Foods Inc. in a $10.9 billion merger.
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    April 2022 Commentaries

    SEC Proposes Rules to Clarify Dealer-Trader Distinction

    December 2021 Alerts

    SEC Proposes Three New Rules for Securities-Based Swaps

    December 2020 Newsletters

    Business Restructuring Review | November–December 2020

    December 2020 Newsletters

    New York's Highest Court Upholds Minority Noteholders' Rights Under Trust Indenture Act

    October 2020 Commentaries

    New York's Highest Court Upholds Minority Noteholders' Rights Under Trust Indenture Act

    October 2020 Alerts

    Selecta Determination Provides Further Guidance on Chapter 15 and Bankruptcy Credit Events

    September-October 2020 Newsletters

    Matalan: (Some) Additional Clarity on the Impact of English Schemes and Chapter 15 on CDS

    September-October 2020 Newsletters

    Business Restructuring Review | September–October 2020

    August 2020 Commentaries

    Matalan: (Some) Additional Clarity on the Impact of English Schemes and Chapter 15 on CDS

    JULY 2020 Commentaries

    Volcker Rule Covered Fund Amendments: What They Will and Will Not Do for CLOs

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