O'Melveny & Myers Represents NMAC in Multibillion-Dollar Commercial Paper Financing
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.
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