MENU
SEARCH
A team of O'Melveny attorneys led by Warren Loui, a partner in the Los Angeles office, recently represented a subsidiary of Nissan Motor Acceptance Corporation (NMAC) in a $3.5 billion commercial paper financing led by JP Morgan Chase.
The financing is backed by automobile loans and leases originated by Nissan dealers. This transaction enables Nissan to pool both loans and leases into a combined temporary facility while preparing for long-term financings of those assets.
The legal team also consisted of partners Dave Johnson and Dan Passage, associates Carla Jones,
Matt Fojut, and Jin Kim, and summer associate Clayton Robertson. Dean Weiner, Pete Ritter, and Mark Saulino assisted on tax matters; Chuck Wolf provided bankruptcy counsel; and Jim DeMeules advised on security interest questions.
"We are pleased to have assisted Nissan in this innovative transaction that permits Nissan to obtain financing for its automobile loan and lease portfolio in the same facility," Loui said. "The size of the facility and the strong lender interest in participating in the transaction demonstrates the success of Nissan's Revival Plan."
About O'Melveny & Myers
O'Melveny & Myers maintains 13 offices around the world. The firm's expertise includes mergers and acquisitions; capital markets; banking and finance, entertainment and media;
copyright, trademark and Internet; patent and technology; trade and international law; labor and employment; litigation; white collar; real estat and project development and finance; and tax and bankruptcy.
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →
It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.
Read More →
Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.
Read More →
Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.
Read More →