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.

Experience

  • 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.
  • American Pacific Group acquires Interwest Distribution CompanyJones Day advised American Pacific Group, a San Francisco Bay Area-based private equity firm, in the acquisition of Interwest Distribution Company ("Interwest"), a leading distributor of building and automotive films.
  • American Pacific Group acts as sponsor in $145 million acquisition financing of Interwest Distribution Company, LLC and Fellers, LLCJones Day advised American Pacific Group, as sponsor, in connection with the $145 million acquisition financing of Interwest Distribution Company, LLC and Fellers, LLC.
  • The Duchossois Group sells The Chamberlain Group LLC to BlackstoneJones Day advised The Duchossois Group, Inc. in the sale of The Chamberlain Group LLC, a global leader in smart access solutions, to private equity funds managed by Blackstone.
  • PNC Bank-led syndicate provides $700 million unsecured amended and restated multi-currency revolving credit facility to publicly traded companyJones Day represented PNC Bank, National Association, as administrative agent, in connection with a $700 million syndicated unsecured amended and restated multi-currency revolving credit facility provided to a publicly traded company.
  • American Pacific Group portfolio company acquires TruSkinJones Day advised American Pacific Group, a San Francisco-based private equity firm, in connection with the acquisition and financing by portfolio company Wellbeam Consumer Health of TruSkin, a leading skincare brand.
  • Direct lender provides $57 million secured facility to leading healthcare revenue management companyJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $55 million term loan and a $2 million revolving facility provided to a leading healthcare revenue management company.
  • Noble Environmental acquires GFL landfills, collection assets in Pennsylvania and MarylandJones Day advised Noble Environmental Inc. in the acquisition of multiple disposal, transfer and collections assets in Pennsylvania and Maryland from GFL Environmental Inc.
  • Riverside portfolio company acquires STACS DNAJones Day represented The Riverside Company in connection with the acquisition by portfolio company InVita Healthcare Technologies of STACS DNA, which provides sample tracking and lab management software used by forensic DNA labs and healthcare organizations.