Patricia Eschbach-Hall (Tricia)

Partner

Cleveland + 1.216.586.7746

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For more than 25 years, Tricia Eschbach-Hall has navigated clients through the complex regulatory environment for executive compensation and employee benefits arrangements, including in the context of complex mergers and acquisitions, executive transitions, day-to-day administration, and corporate restructurings. With a focus on practical approaches, Tricia counsels clients on the design and implementation of deferred compensation plans, equity plans, incentive awards, severance plans, qualified retirements plans, and welfare benefits. She regularly prepares and negotiates employment, severance, and change in control agreements for employers and has significant experience drafting benefit plans and employee materials. Working with colleagues from around the world, Tricia often assists clients with cross-border employee-related issues.

Tricia has provided benefits and compensation advice to many companies undergoing company-changing acquisitions and divestitures. This has included Sherwin-Williams' $11.3 billion acquisition of The Valspar Corporation, Parker Hannifin's $4.3 billion acquisition of CLARCOR, and Marathon Petroleum's $23.3 billion acquisition of Andeavor. She also has provided the benefits and compensation advice to several companies undergoing corporate spin-offs, including Conagra Foods' separation into two independent public companies, B&W's spin-off of its Power Generation business, TriMas' spin-off of its Cequent businesses, and The Timken Company's spin-off of its steel business.

Tricia is a member of the board of directors for the Greater Cleveland Food Bank.

Experience

  • Kraken acquires NinjaTraderJones Day advised Payward, Inc. d/b/a Kraken, a cryptocurrency exchange, in connection with its $1.5 billion acquisition of NinjaTrader Group Holdings, LLC, a leading futures trading broker.
  • Gentex acquires VOXX InternationalJones Day advised Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, in its acquisition of VOXX International Corporation (NASDAQ: VOXX), a worldwide leader in the automotive electronics and consumer electronics industries, in an all-cash transaction.
  • Bunge sells its European margarines and spreads business to VandemoorteleJones Day is advising Bunge (NYSE: BG), a leading global agribusiness and food company, in connection with the sale of its European margarines and spreads business to Vandemoortele, a family-owned group with a strong presence in margarines and plant-based oils and fats.
  • Direct lender provides $167.5 million senior secured credit facility to large private equity-backed payments-platform providerJones Day advised a direct lender, as administrative agent, in connection with a $167.5 million senior secured credit facility, which consisted of a $107.5 million term loan, a $50 million delayed draw term loan, and a $10 million revolver, provided to a large private equity sponsored payments-platform provider.
  • Flowers Foods acquires Simple MillsJones Day advised Flowers Foods, Inc. in the $795 million acquisition of Simple Mills, Inc., a leading provider of gluten-free baking mixes, crackers, cookies, and snack bars made with almond and veggie flours.
  • Global information management system provider agrees to $280 million senior secured credit facilitiesJones Day advised a leading information management system provider and various affiliates in connection with a $280 million cross-border senior secured financing with various private credit providers.
  • Diebold Nixdorf completes $950 million Senior Secured Notes offering and obtains $310 million revolving credit facilityJones Day represented Diebold Nixdorf, Incorporated (“Diebold”), a global market leader in providing mission-critical hardware, software, and services to global blue-chip banking and retail clients, in connection with various financing transactions, including (i) a Rule 144A and Regulation S offering by Diebold of $950 million aggregate principal amount of 7.750% Senior Secured Notes due 2030, (ii) obtaining a new $310 million revolving credit facility, and (iii) a Dutch auction to repurchase all of the outstanding term loans under its existing term loan credit facility.
  • Direct lender provides $191 million senior secured credit facility to large private equity-backed leading national provider of pharmaceutical suppliesJones Day advised a direct lender, as administrative agent, in connection with a $191 million senior secured credit facility, which consisted of a $20 million revolver and a $171 million term loan, provided to a large private equity sponsored company that is a leading national provider of pharmaceutical supplies.
  • Polaris amends and extends its $1.9 billion credit facilityJones Day represented Polaris Inc., a leading global designer, engineer, manufacturer, and marketer of powersports vehicles, in connection with an amendment and extension to its senior credit facilities, which included a $400 million increase to its revolving credit facility, bringing the total size of the credit facilities to $1.9 billion.
  • Parker Hannifin sells North America Composites & Fuel Containment Division to SK Capital PartnersJones Day advised Parker Hannifin Corporation in the sale of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners.
  • Materion sells Large Area Targets site to Reliable Silver CorporationJones Day advised Materion Corporation in the sale of its Large Area Targets site in Albuquerque, New Mexico, to Reliable Silver Corporation.
  • Curbline Properties obtains $400 million revolving credit facility and $100 million delayed draw term loan facilityJones Day represented Curbline Properties LP and Curbline Properties Corp. in connection with a new $400 million senior unsecured revolving credit facility and $100 million senior unsecured delayed draw term loan facility with Wells Fargo Bank, National Association, as administrative agent, following the spin-off of Curbline Properties Corp. from SITE Centers Corp.
  • SITE Centers completes spin-off of Curbline Properties Corp.Jones Day advised SITE Centers (NYSE: SITC) in the spin-off of Curbline Properties Corp. (“Curbline”) as a separate publicly traded company listed on the New York Stock Exchange under the ticker symbol “CURB”.
  • Sonepar acquires Echo Electric SupplyJones Day advised Sonepar in the acquisition of Echo Electric Supply, a wholesale electrical distributor ranked in the top 30 of Electrical Wholesaling’s 2024 North America distributors list and headquartered in Council Bluffs, Iowa.
  • Sherwin-Williams obtains $2.5 billion unsecured multicurrency revolving credit facilityJones Day represented The Sherwin-Williams Company, a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers, in connection with a new $2.5 billion unsecured multicurrency revolving credit facility.
  • ITT completes divestiture of Wolverine Advanced MaterialsJones Day advised ITT, Inc. in the $171 million sale of its Wolverine Advanced Materials business to private equity firm Center Rock Capital Partners.
  • WEG acquires industrial electric motors and generators business from Regal Rexnord CorporationJones Day advised WEG S.A. in the $400 million acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation.
  • TopBuild attempts to acquire Specialty Products & InsulationJones Day advised TopBuild Corp. (NSYE: BLD) in its attempted acquisition of Specialty Products & Insulation from private equity firm Incline Equity Partners in an all-cash transaction valued at $960 million.
  • Diebold Nixdorf obtains $1.25 billion senior secured exit credit facilityJones Day represented Diebold Nixdorf, Incorporated, a multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets, in connection with a new $1.25 billion senior secured term loan facility as part of it’s emergence from chapter 11 bankruptcy and other domestic and foreign court-supervised restructuring proceedings.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
    • View All

    November 2022 White Paper

    SEC Adopts Final Dodd-Frank Act Clawback Rules: An A-to-Z Explanation

    July 2013 Commentary

    The Supreme Court's DOMA Decision: Impact of the Changing Definition of "Spouse" on Employee Benefits

    May 2012 Commentary

    Health Care Reform: What If They Throw the Whole Thing Out?

    November 2010 Commentary

    Fully Insured Group Health Plans May No Longer Provide Discriminatory Benefits

    August 2010 Commentary

    Claims and Appeals Procedures: New Internal and External Review Requirements

    July 2010 Commentary

    What a Relief?—Congress Finally Passes Pension Funding Legislation

    Additional Publications

    • October 2010
      Collier Monograph: Employee Benefits and Executive Compensation in Corporate Bankruptcy (Second Edition)
    • July 2008
      Collier Monograph: Employee Benefits and Executive Compensation in Corporate Bankruptcy

    Additional Speaking Engagements

    • December 5, 2013
      Employees Benefits and Executive Compensation, Cleveland Tax Institute
    • December 6, 2011
      Executive Compensation: Emerging Issues & Preparing for 2012
    • September 3, 2010
      Health Reform - Claims Appeals Process, Health Action Council of Ohio Webinar
    • May 20, 2010
      Pension Funding Relief; Tax Executives Institute, Inc., Cleveland Chapter
    • May 20, 2010
      Federal Health Care Reform--Effects on Employers; Tax Executives Institute, Inc., Cleveland Chapter
    • March 20, 2008
      Revised & Updated Cafeteria Plan Regulations
    • April 21, 2005
      New Restrictions on Nonqualified Deferred Compensation Plans

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