Jon Finelli
  1. Counsel

Mr. Finelli is counsel in Davis Polk’s Corporate Department, practicing in the Restructuring Group. He represents a variety of clients in a broad range of complex domestic and cross-border financings, chapter 11 cases and out-of-court restructurings.  Mr. Finelli has significant experience representing both borrowers and lenders in leveraged and investment-grade acquisition financings, recapitalizations and refinancings, asset-based and asset-backed financings, public and private placements, debtor-in-possession and exit financings, project financings, spin-off facilities, mezzanine financings and direct lending transactions.

Work Highlights

Before joining Davis Polk, Mr. Finelli’s representations included the following: 

Private Equity Representations
  • $425 million syndicated secured credit facilities to acquire an oil export terminal
  • $720 million syndicated secured credit facilities and $300 million Rule 144A debt offering to acquire an online family history resource website
  • $600 million syndicated secured credit facilities and $127 million and €56 million Rule 144A debt offering to acquire an international software developer
  • $435 million syndicated secured credit facilities and $135 million Rule 144A debt offering to acquire a major security services company
  • $1.3 billion syndicated first lien credit facilities and $490 million syndicated second lien credit facility to refinance existing debt of an international agro-chemical company (portfolio company)
  • $75 million senior unsecured notes issuance to fund well drilling costs
Corporate Borrower Representations
  • International oil field services company - (i) $8.6 billion bridge loan commitment to fund major acquisition, (ii) $4.0 billion amended and restated unsecured revolving credit facility, (iii) $7.5 billion senior notes offering to fund major acquisition and (iv) $1.0 billion term loan facility to fund major acquisition
  • Energy provider - $1.872 billion senior secured term loan facility repricing
  • Energy provider - $495 million senior secured revolving credit facility refinancing
  • Drop shipping (e-commerce) company - $125 million secured revolving credit facility
  • Residential solar systems provider - $500 million of revolving warehouse facilities
  • International exploration and production company - $650 million reserve based revolving credit facility
  • Exploration and production company - $300 million senior secured term loan credit facility
  • Media investment company - in excess of $1 billion of margin loans in connection with corporate spin-offs
  • International consumer products manufacturer and distributor - $315 million first lien credit facilities and $90 million second lien facility in connection with a leveraged buyout
Underwriter/Initial Purchaser Representations
  • $700 million senior secured first lien notes issued by exploration and production company
  • $1.250 billion senior secured second lien notes issued by exploration and production company
Mezzanine Investor Representations
  • Institutional investor - $100 million preferred stock equity investment in restaurant chain
  • Hedge fund - $60 million private placement of unsecured notes issued by insurance services firm
  • Insurance company - $220 million private placement of unsecured notes issued by privately owned auto-parts manufacturer
  • Insurance company - $70 million mezzanine term loan incurred by packaging solutions company
Restructurings
  • Exploration and production company - representation of debtor in possession in connection with $100 million DIP ABL credit facility and $100 million exit ABL credit facility
  • Exploration and production company - representation of issuer in connection with the exchange of existing notes into over $1.8 billion of first and second lien notes
  • Exploration and production company - representation of underwriter in connection with the exchange of existing notes into over $1.2 billion of senior secured PIK notes and second lien convertible PIK notes
  • Energy provider - representation of energy provider in connection with $330 million post-petition letter of credit facility
  • Exploration and production company - representation of debtor in possession in connection with $450 million exit term loan facility
  • Automotive parts manufacturer - representation of debtor in possession in Chapter 11 reorganization
  • New York State Insurance Department - representation of department in the restructuring of financial guaranty insurers
  • Automotive parts manufacturer - representation of equity committee in Chapter 11 reorganization

Professional History

  • Counsel, Davis Polk, since 2018
  • Special Counsel, Baker Botts, 2018
  • Senior Associate, Baker Botts, 2014-2018
  • Associate, Fried Frank, 2007-2014

Practice Focus

Bar Admissions

  • State of New York
  • U.S. District Court, E.D. New York
  • U.S. District Court, S.D. New York

Education

  • B.A., History, Boston College, 2003
  • J.D., St. John's University School of Law, 2007
    • Recipient, American Bankruptcy Institute Medal for Excellence in Bankruptcy Studies
    • Editor-in-Chief, American Bankruptcy Institute Law Review