Jason P.Samblanet

Associate

Cleveland + 1.216.586.7178

Jason Samblanet focuses his practice on commercial financing, including representing banks and other financial institutions, equity sponsors, and public and private companies with secured and unsecured credit facilities. He has experience in various types of financing transactions, including leveraged finance transactions, debtor-in-possession facilities, asset securitization, asset-based financing, and acquisition-related facilities.

The financial institution clients that Jason has represented include, among others, KeyBank, Bank of America Merrill Lynch, Citizens Bank, and Santander Bank. He also represents a number of private equity firms, including The Cortec Group, The Riverside Company, Blue Point Capital, and Norwest Equity Partners and corporations, including Peabody Energy, FirstEnergy Corp., Lamb Weston, Cleveland-Cliffs, TransDigm Group, and Cooper Tire & Rubber.

He is a member of the Ohio State Bar Association and the Cleveland Metropolitan Bar Association.

Experience

  • Peabody Energy establishes $150 million unsecured revolving credit facility and $225 million at-the-market equity programJones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with the establishment of a $150 million unsecured revolving credit facility with Goldman Sachs Lending Partners LLC, as administrative agent, and the lenders party thereto, and a related at-the-market equity program for the sale of shares of its Common Stock having an aggregate gross sales price of up to $225 million through or to Goldman Sachs & Co. LLC, as sales agent.
  • Peabody completes offering of $320 million of Convertible Senior Notes to refinance outstanding Senior Secured NotesJones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with a Rule 144A offering of $320 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028, and the concurrent redemptions of all of the Company's outstanding 8.500% Senior Secured Notes due 2024 and a portion of its outstanding 6.375% Senior Secured Notes due 2025.
  • Ulanqab Lamb Weston Food Co., Ltd. obtains RMB1.079 billion term loan facilityJones Day represented Ulanqab Lamb Weston Food Co., Ltd., a limited liability company incorporated under the laws of the People's Republic of China and a wholly-owned subsidiary of Lamb Weston Holdings, Inc., in connection with a RMB1.079 billion term loan facility provided by HSBC Bank (China) Company Limited, Shanghai Branch, as the facility agent, and its related capital investment in a new french fry processing facility in Ulanqab, Inner Mongolia.
  • TransDigm Group obtains $50 million revolving credit facilityJones Day represented TransDigm Group Incorporated in connection with a $50 million revolving credit facility provided by Credit Suisse AG, as administrative agent and collateral agent.
  • Swander Pace Capital portfolio company acquires Farm Ridge FoodsJones Day advised Swander Pace Capital in the acquisition and financing by portfolio company Patriot Pickle of the pickle assets of Farm Ridge Foods, which distributes pickled products into the retail channel under its own name, as well as private label and third-party brands.
  • Cleveland-Cliffs obtains $1 billion incremental increase to existing credit facility with Bank of America, N.A.Jones Day represented Cleveland-Cliffs Inc., the largest flat-rolled steel producer and the largest supplier of iron ore pellets in North America, in connection with a $1 billion incremental increase to its existing asset-based revolving credit facility with Bank of America, N.A., as administrative agent, bringing the total size of the facility to $4.5 billion.
  • KeyBank provides $95.625 million credit facility to finance acquisition of Aqua-Leisure Recreation, LLCJones Day represented KeyBank National Association, as administrative agent, in connection with a $95.625 million credit facility, consisting of $67 million in term loans and a $28.625 million revolving credit facility, to finance the acquisition of Aqua-Leisure Recreation, LLC and related entities.
  • Cleveland-Cliffs acquires Ferrous Processing and Trading Company for $775 millionJones Day advised Cleveland-Cliffs Inc. in the $775 million acquisition of Ferrous Processing and Trading Company (FPT), including certain related entities.
  • Cortec Group acquires Pink LilyJones Day advised the Cortec Group in connection with the acquisition and financing of Pink Lily, a direct-to-consumer provider of women's apparel and accessories.
  • Cortec Group portfolio company acquires Teslaccessories, LLCJones Day advised the Cortec Group in connection with the acquisition and financing by portfolio company Enthusiast Auto Holdings, LLC, a direct-to-enthusiast, digitally native platform that invests in and helps operate some of the most innovative e-commerce retailers in the performance automotive industry, of Teslaccessories, LLC, d/b/a EVANNEX, an aftermarket electric vehicle and Tesla accessories dealer.
  • Eldridge Industries provides senior secured term loan credit facility to Digital Currency Group, Inc.Jones Day advised Eldridge Industries, LLC, as administrative agent and lead arranger, on a senior secured term loan credit facility provided to Digital Currency Group, Inc. (“DCG”).
  • KeyBank amends senior credit facility for Congruex GroupJones Day represented KeyBank National Association, as administrative agent, collateral agent, and lender, in connection with an amendment to its senior secured credit facility provided to Congruex Group LLC, a provider of computer programming services on a contract or fee basis.
  • Lamb Weston completes $1.67 billion private placement of Senior NotesJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor, and marketer of value-added frozen potato products, in connection with its private placement of $1.67 billion aggregate principal amount of Senior Notes, comprised of $970 million of 4.125% Senior Notes due 2030 and $700 million of 4.375% Senior Notes due 2032.
  • FirstEnergy sells $2.4 billion minority transmission stake to BrookfieldJones Day is representing FirstEnergy Corp. in its $2.4 billion sale of a 19.9% equity stake in its subsidiary FirstEnergy Transmission, the holding company for FirstEnergy’s three regulated electric transmission businesses.
  • FirstEnergy obtains $4.5 billion financing packageJones Day represented FirstEnergy Corp., a diversified energy holding company, and certain of its subsidiaries in connection with six new credit facilities in an aggregate amount of $4.5 billion, consisting of (i) a $1 billion senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (ii) an $800 million senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (iii) a $950 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (iv) a $500 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (v) a $400 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, and (vi) an $850 million senior unsecured revolving credit facility with the administrative agent thereto.
  • TopBuild amends existing credit agreementJones Day represented TopBuild Corp., a leading installer and distributor of insulation and building material products to the U.S. construction industry, in connection with an amendment to its existing credit agreement with Bank of America, N.A., as administrative agent, to, among other things, increase the revolving commitments to $500 million and provide a new $300 million delayed draw term loan.
  • Parker Hannifin obtains $2 billion term loan facility and amends revolving credit facilityJones Day represented Parker Hannifin Corporation in connection with $2 billion term loan facility with KeyBank National Association, as administrative agent, to finance the acquisition of Meggitt plc; and $3 billion amendment to its revolving credit facility.
  • Lamb Weston obtains new $1 billion multicurrency revolving credit facilityJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor and marketer of value-added frozen potato products, in connection with a new $1 billion multicurrency revolving credit facility provided by Bank of America, N.A., as administrative agent.
  • Parker Hannifin's recommended all cash acquisition of Meggitt PLCJones Day is acting as U.S. counsel to Parker Hannifin Corporation in the £6.3 billion acquisition of Meggitt plc, a leading international company headquartered in Coventry, United Kingdom, specializing in high performance components and subsystems for the aerospace, defense and selected energy markets.
  • TransDigm Group amends and extends receivables securitization facilityJones Day represented TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with an amendment and extension to its receivables securitization facility with PNC Bank, National Association, as administrator.