Sheel A.Patel

Partner

New York + 1.212.326.3473

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Sheel Patel has more than a decade of experience working on complex commercial financing transactions across diverse industries including automotive, digital infrastructure, energy, hospitality, health care, manufacturing, media, retail, software, and telecommunications. He routinely represents private equity sponsors, private credit providers, financial institutions, and corporate borrowers on cutting-edge leveraged and investment-grade lending transactions, mezzanine lending transactions, high yield issuances, event-driven and opportunistic financing transactions, as well as special situations, workouts, restructurings, and insolvency matters.

Sheel's recent deals include advising Digital Bridge (f.k.a. Digital Colony) on the acquisition financing related to Databank's $1.4 billion acquisition of zColo, the data center business of Zayo Group Holdings. The financing was awarded 2020 Deal of the Year — North America Digital Infrastructure by Proximo Americas.

Sheel was recognized by New York Metro Super Lawyers as a "Rising Star" for four consecutive years.

Experience

  • DataBank acquires zColo for $1.4 billionJones Day advised DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, in connection with the acquisition and financing of zColo, including certain U.S. and European data center assets, from Zayo Group Holdings, Inc. for $1.4 billion.
  • Xact Data Discovery sells company to Aquiline Capital PartnersJones Day represented Xact Data Discovery, a leading international provider of eDiscovery, data management, and managed review services for major law firms and corporations and portfolio company of JLL Partners, in connection with its acquisition by Aquiline Capital Partners LLC, a New York-based private equity firm.
  • Alcoa sells rolling mill to Kaiser Aluminum for $670 millionJones Day advised Alcoa Corporation in the sale of its rolling mill business located in Warrick County, Indiana, to Kaiser Aluminum Corporation for $670 million.
  • Vantage Data Centers obtains secured credit facilitiesJones Day represented Vantage Data Centers, a leading global provider of hyperscale data center campuses, in connection with secured credit facilities related to the acquisition and expansion of data center assets.
  • Vantage Data Centers completes financing in connection with acquisition of Hypertec’s hyper scale data center businessJones Day represented Vantage Data Centers, a leading global provider of hyperscale data center campuses, in connection with the financing related to Vantage’s acquisition of the hyperscale data center and collocation business of Hypertec.
  • 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.
  • Vantage Data Centers obtains delayed draw term loan facilityJones Day represented Vantage Data Centers, a leading global provider of hyperscale data center campuses, in connection with a delayed draw term loan facility related to the acquisition and/or build out of certain data center assets.
  • OUTFRONT Media completes $400 million Senior Notes offeringJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the issuance by two of its wholly-owned subsidiaries of $400 million in aggregate principal amount of 6.250% Senior Notes due 2025 in a Rule 144A and Regulation S offering.
  • OUTFRONT Media completes $400 million PIPEJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with its $400 million private placement of 400,000 shares of Series A Convertible Perpetual Preferred Stock to affiliates of Providence Equity Partners LLC, who led the purchase, and to affiliates of Ares Management Corporation.
  • KeyBank provides $300 million senior secured credit facility to cloud infrastructure providerJones Day represented KeyBank National Association, as lead arranger and administrative agent, in connection with a $300 million senior secured credit facility provided to a cloud infrastructure provider.
  • OUTFRONT Media refinances $1.1 billion credit facilityJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the refinancing of its $1.1 billion credit facility with Morgan Stanley Senior Funding, Inc., as administrative agent.
  • DataBank acquires LightBoundJones Day advised DataBank in connection with the acquisition and related financing of LightBound, an Indianapolis-based provider of colocation, Internet, voice, network, and cloud services.
  • Wireless communications infrastructure holding company obtains CAD$92 million financingJones Day served as U.S. counsel to a wireless communications infrastructure holding company in connection with a CAD$92 million senior secured credit agreement, consisting of CAD$82 million senior secured term loans and a CAD$10 million senior secured revolving credit facility to fund the acquisition of Beanfield Metroconnect WT Inc., a Toronto-based fiber network provider.
  • 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.
  • Supplier of automotive components and systems amends and extends existing asset-based global revolving credit facilityJones Day represented a leading global supplier of automotive components and systems in connection with the amendment and extension of its existing asset-based global revolving credit facility, including a Canadian revolving credit subfacility and European receivables securitization.
  • OUTFRONT Media completes $650 million private placement of Senior NotesJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the issuance by two of its wholly-owned subsidiaries of $650 million in aggregate principal amount of 5.000% Senior Notes due 2027 in a Rule 144A and Regulation S offering.
  • Trico Group acquires Performance Pumps business of UCI International HoldingsJones Day advised Trico Group Holdings, LLC in connection with its acquisition of the Performance Pumps business of UCI International Holdings.
  • Aftermarket automotive manufacturer obtains $50 million incremental term loanJones Day represented an aftermarket automotive manufacturer and certain of its affiliates in connection with a $50 million incremental term loan.
  • BWXT obtains $800 million senior secured credit facilityJones Day represented BWX Technologies, Inc. in connection with a US$800 million senior secured credit agreement consisting of a US$500 million senior secured revolving credit facility; a US$50 million senior secured term loan A; and a CAD$250 million senior secured term loan A.
  • International Automotive Components Group completes refinancing of Senior Secured NotesJones Day advised International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes due 2023 to Gamut Capital Management, L.P. in a private placement.
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    March 2020 Commentaries

    E-Signatures and Remote Notarization in the Time of COVID-19

    Speaking Engagements

    • May 1, 2013
      Debt Agreement Terms in Secured Lending Transactions: Handling Anti-Assignment Provisions, and Interpreting and Drafting "Ordinary Course of Business" and "Best Efforts" Clauses, Strafford Publications Webinar

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