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

  • 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.
  • Coronado Global Resources completes US$550 million in combined financingJones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.
  • Genesis Healthcare Partners creates partnership with Triton Pacific Capital Partners to form Urology Partners of AmericaJones Day represented Genesis Healthcare Partners, P.C., a large San Diego-based physician group specializing in comprehensive urologic care, including radiation oncology and gastroenterology, in its sale to Urology Partners of America, LLC, a newly-formed national urology platform backed by Triton Pacific Capital Partners.
  • Medifast obtains $125 million revolving credit facilityJones Day represented Medifast, Inc., an American nutrition and weight loss company, in connection with a $125 million senior secured revolving credit facility with Citibank, N.A., as administrative agent.
  • 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.
  • PNC Bank-led syndicate provides $200 million senior secured 364-day term loan credit facility to AMERCOJones Day represented PNC Bank, National Association, as administrative agent and a lender, in connection with a $200 million senior secured 364-day term loan credit facility provided to AMERCO, the parent company of U-Haul.
  • 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.