Sheel A.Patel

Partner

New York + 1.212.326.3473

Sheel Patel has more than a decade of experience working on complex commercial financing transactions across diverse industries including automotive, energy, manufacturing, media and telecommunications, hospitality, health care, and retail. He represents financial institutions, direct and institutional lenders, private equity sponsors, and corporate borrowers on leveraged and investment-grade lending and high yield transactions, both domestic and cross-border, as well as high-profile restructuring and bankruptcy matters.

His financial institution clients include Citizens, Goldman Sachs, Jefferies, KeyBank, TD Securities, and Wells Fargo.

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

Experience

  • 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.
  • KeyBank refinances existing credit and term loan facilities for cloud infrastructure providerJones Day represented KeyBank National Association in connection with the refinancing of existing senior secured revolving credit and term loan facilities provided to a cloud infrastructure provider.
  • Automotive component manufacturer obtains $80 million asset-based credit facility and $425 million first lien term loanJones Day represented an automotive component manufacturer and certain of its affiliates in connection with a $80 million asset-based credit facility and a $425 million first lien term loan with Goldman Sachs Bank USA as administrative agent and collateral agent.
  • Vari-Form obtains $130 million financingJones Day represented Vari-Form Group, LLC, as U.S. borrower, and Vari-Form Inc., as Canadian borrower, and certain of their affiliates in connection with a $40 million revolving facility with Bank of America, N.A., as agent, sole lead arranger, and sole bookrunner; and a $90 million term loan with Wilmington Trust, National Association, as administrative agent and collateral agent.
  • Agent bank provides $101.5 million secured credit facility to leading wireless tower operatorJones Day represented an agent bank in connection with a $101.5 million syndicated senior secured credit facility to a leading wireless tower operator.
  • KeyBank amends and restates credit agreement for large staffing and consulting firmJones Day represented KeyBank National Association in connection with an amended and restated credit agreement provided to a large staffing and consulting firm.
  • Auria Solutions obtains $350 million credit facilityJones Day advised Auria Solutions USA Inc., a supplier of soft trim and acoustical products for the automotive industry, in connection with a $350 million facility with Bank of America, N.A., as administrative agent. The new credit facility consisted of a $100 million term loan, a $150 million revolving credit facility, and a $100 million delayed draw term loan, and was made in connection with long-time client International Automotive Components Group North America LLC's spin-off of its soft-trim business into a joint venture with Shanghai Shenda Co., Ltd.
  • Jefferies Finance refinances senior secured credit facilities for Internap CorporationJones Day represented Jefferies Finance LLC, as sole lead arranger and sole bookrunner, in connection with the refinancing of senior secured credit facilities for Internap Corporation, a global supplier of IT infrastructure services.
  • 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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