Jeffrey Nagle

T.+1 704 348 5267
jeffrey.nagle@cwt.com
650 South Tryon Street
Charlotte, NC 28202 V-CARD

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Jeff Nagle is Head of Corporate and Commercial Finance. He represents clients in a wide variety of financing transactions including leveraged finance and other syndicated bank loan transactions, NAV financings, the financing of financial assets, distressed debt trading, asset-based lending, commodities financings, energy project financings and rescue financing, workouts, debtor-in-possession financings and exit financings. Jeff’s clients include many of the world’s leading domestic and foreign commercial banks, investment banks and other financial institutions, including hedge funds.

Jeff is part of the Cadwalader team selected by the Federal Reserve’s Alternative Reference Rates Committee (ARRC) to assist in guiding the post-LIBOR financial world in developing best practices for fallback language across all cash products. He has been described by Chambers USA as “a major expert on LIBOR reform and emerging benchmark regulation” and is a frequent speaker on subjects relating to the LIBOR transition, having spoken at various Loan Syndications & Trading Association (LSTA) programs on topics including, “A Deep Dive into Hardwired Fallback Language,” “Demystifying the LSTA’s SOFR Concept Credit Agreement” and “Post-LIBOR Credit Agreements: What Changes and What Stays the Same?”; as a speaker on the panel “LIBOR Transition: Is Your Organization Prepared” at KPMG’s 2019 Global Financial Reporting and Valuation Conference; and on implications of the LIBOR transition for the corporate loan market at the Syndications and Lender Relations Subcommittee Meeting at the 2020 American Bar Association Business Law Virtual Section Annual Meeting. Jeff is the co-author of “The Demise of LIBOR – Tax and Transfer Pricing Implications,” published in Bloomberg Tax on November 26, 2019.

He is also focused on innovation and emerging technologies impacting financing transactions, including blockchain technology. Jeff’s writing on blockchain includes the two-part article “From Bills of Lading to Blockchain Structures,” published in Law360 in August 2017, and the article “Using Blockchain to Replace Deposit Account Control Agreements,” published in Bloomberg Law on September 11, 2017.

Jeff has been recognized as a “Rising Star” and leading practitioner in bank lending by IFLR1000 and as a top-ranked banking and finance lawyer by Chambers USA. In 2023, Jeff was elected to the Board of Regents of the American College of Commercial Finance Lawyers (ACCFL), to which he was inducted in 2021 as a fellow in recognition of his market reputation and service to clients and, in particular, his work on the LIBOR transition.

He received his J.D. from the New York University School of Law, and he is a summa cum laude graduate of the State University of New York at Albany, where he also received an M.A. in Russian Language, Literature and Culture. Jeff is fluent in Russian and was elected to Phi Beta Kappa.

Recent representative transactions in which Jeff had a leading role include:

Representing MUFG Bank Ltd. as administrative agent in a $1.9 billion secured borrowing base facility and a $175 million committed unsecured revolving credit facility for Castleton Commodities International LLC, a global commodities merchant.
Representing a multinational bank as lender, facility agent, and security agent in a $100 million uncommitted borrowing base facility secured by regulatory carbon credits in four countries (UK, EU, NZ, and AU) for affiliates of one of the largest physical commodities trading groups in the world. The purchase, sale, trading and financing of these carbon credits represents increasing focus on environmental issues and products by both market participants and financial institutions.
Representing a global GSIB as administrative agent, collateral agent, bookrunner and lead arranger in a $4.540 billion senior secured uncommitted borrowing base revolving credit facility, for affiliates of one of the largest physical commodities trading groups in the world.
Representing a global GSIB as administrative agent, collateral agent, bookrunner and lead arranger in a $1.4 billion senior secured borrowing base revolving credit facility, comprising a $950 million committed tranche and a $435 million uncommitted tranche, for a large Norther American provider of wholesale energy services.
Representing Rabobank as administrative agent, book runner and lead arranger in a $110 million senior secured revolving credit facility (with a $90 million accordion feature) for affiliates of ARM Energy Services, a private energy marketing firm and one of the leading North American physical natural gas marketers, representing ARM Energy’s inaugural commodity finance borrowing base facility.
Representing a leading alternative investment manager as arranger in a $70 million senior secured revolving NAV credit agreement secured by the investment portfolio of a high net worth individual.
Representing a leading alternative investment manager as arranger in a $30 million senior secured delayed draw term loan NAV credit agreement secured primarily by management fees owed to an alternative investment manager.
Representing the lead arranger, joint bookrunner, administrative agent and collateral agent on a $4.0 billion senior secured uncommitted borrowing base credit facility for affiliates of a large exporter of U.S. crude and one of the largest physical commodities trading groups in the world.
Representing BNP Paribas, as global coordinator and administrative agent, in a $2.4 billion syndicated committed borrowing base facility consisting of a $750 million 3-year tranche, a $1.15 billion 2-year tranche and a $500 million 364-day tranche, for Castleton Commodities International LLC, a global commodities merchant.
Representing the administrative agent on a $1.18 billion committed and uncommitted, multicurrency revolving working capital and capital asset acquisition line to a publicly traded independent supplier of energy products and related services with businesses and properties in the United States and Canada.
Representing the administrative agent in the amendment and restatement of a $1.2 billion credit facility for one of the largest independent suppliers of energy products and related services in the Northeast United States.
Representing the administrative agent and collateral agent in the amendment and restatement of a $750 million committed credit facility for a leading North American energy marketer and midstream operator.
Representing the collateral agent in connection with a $350 million committed, asset-based credit facility for an affiliate of a major private equity firm investing in energy-related products and services, to support its acquisition of the natural gas retail business of a domestic energy delivery company.
Representing the administrative agent on a $150 million committed senior secured asset-based and revolving credit facility to a wholesale fuel distribution and retail convenience store business with operations in the southeast United States.
Representing BNP Paribas, as global coordinator and administrative agent, in a $3.15 billion borrowing base facility, and BNP Paribas, as global coordinator, and Citibank, as administrative agent, in a $375 million unsecured revolving credit facility, both for Castleton Commodities International LLC, a global commodities merchant.
Representing MUFG Bank, Ltd., as lead arranger, administrative agent, collateral agent and swingline lender, in the amendment and restatement of a $4.35 billion senior secured borrowing base credit facility for a multinational commodities trading company.
Representing MUFG Bank, Ltd., as administrative agent, in the amendment and restatement of a $2 billion borrowing base credit facility for the U.S. subsidiaries of an international Fortune Global 500 commodities marketer, processor, financer and transporter.
Representing BNP Paribas as global coordinator and administrative agent, in a $3.25 billion committed senior secured working capital facility (with an additional $1 billion accordion feature), and Citibank, as administrative agent, in a $350 million committed unsecured revolving credit facility, both for Castleton Commodities International LLC, a global commodities merchant.
Representing MUFG Bank, Ltd., as lead arranger, administrative agent, collateral agent and swing line lender, in the amendment and restatement of a $3 billion credit facility for a multinational commodities trading company.
Representing MUFG Bank, Ltd., as administrative agent, in the refinancing of a $1 billion syndicated secured credit facility for a global merchant commodities firm.
Representing BNP Paribas, as administrative agent and collateral agent, in the amendment and restatement of a $575 million syndicated secured working capital commodity finance credit facility for a provider of wholesale energy and midstream services.
Representing ABN AMRO Capital USA LLC, as lender, in a $60 million secured bilateral credit facility for a Canadian midstream company.
Representing a consumer finance investment company as lender in an up to $100 million warehouse facility secured by student loans for an originator of private label, customizable private education loans.
Representing BNP Paribas, as administrative agent and collateral agent, in the amendment and restatement of a $3 billion committed senior secured working capital credit facility and in the amendment and restatement of a $300 million committed unsecured revolving credit facility, both for a global commodities merchant.
Representing MUFG Bank, Ltd., as administrative agent, in connection with a $2 billion borrowing base credit facility to the U.S. subsidiaries of an international Fortune Global 500 commodities marketer, processor, financer and transporter.
Representing BNP Paribas, as administrative agent, in the amendment and extension of a $575 million syndicated secured working capital commodity finance credit facility for a provider of wholesale energy and midstream services.
Representing ABN AMRO Capital USA LLC, as agent for a syndicate of first-lien bank lenders, in connection with the comprehensive balance sheet recapitalization of Eagle Bulk Shipping, Inc. that provided Eagle Bulk with approximately $105 million in incremental liquidity, which includes a new second-lien facility comprised of $60 million in new capital from existing shareholders, as well as new capital providers.
Representing BNP Paribas, as global coordinator, sole underwriter and administrative agent, in connection with a $3.5 billion committed senior secured working capital credit facility and a $250 million committed unsecured revolving credit facility to Castleton Commodities International LLC, a global commodities merchant, in connection with Castleton’s acquisition of Morgan Stanley’s Global Oil Merchanting business.
Representing MUFG Bank, Ltd., as arranger and administrative agent, in connection with an up to $1.25 billion uncommitted revolving asset-based credit facility to the U.S. subsidiaries of an international Fortune Global 500 commodities marketer, processor, financer and transporter.
Representing ABN AMRO Capital USA LLC, as a U.S. trade finance fronting bank and security agent, and BNP Paribas, as a U.S. trade finance fronting bank and security agent and the U.S. borrowing base agent, in the global restructuring of a British steel trading company.
Representing East West Bank as lender in the amendment and restatement of a $50 million credit facility for affiliates of an investment management fund.
Representing BNP Paribas, as administrative agent and collateral agent, in the amendment and restatement of a $250 million syndicated secured working capital commodity finance credit facility for a petroleum storage, distribution and wholesale company.
Representing a consumer finance investment firm, as lender, in connection with an insurance premium finance facility.
Representing BNP Paribas, as administrative agent, in the amendment and extension of a $500 million syndicated secured working capital commodity finance credit facility for a provider of wholesale energy and midstream services, and in the subsequent amendment and increase of a $105 million syndicated secured midstream finance credit facility for a subsidiary in connection with the acquisition of a crude oil gathering system pipeline in the Eagle Ford shale region.
Representing Salix Pharmaceuticals, Ltd. in connection with its $15.6 billion acquisition by Valeant Pharmaceuticals International, Inc.
Representing BNP Paribas, as arranger and administrative agent, in connection with a $62 million delayed draw term loan to a global commodities trader, markets and distributer, secured primarily by ammonia terminals.
Representing MUFG Bank, Ltd., as arranger and administrative agent, in connection with a $700 million committed revolving asset-based credit facility to a global merchant commodities firm spun-out from a fortune 100 company.
Representing JPMorgan, as administrative agent and lender, in connection with the lending facilities to Revel AC, Inc. and various affiliates, including prepetition, debtor-in-possession and exit financings, in connection with Revel’s Chapter 11 bankruptcy cases and the related sale of the Revel Atlantic City casino.
Representing Citigroup, as lender, in a term loan financing for a special purpose entity to co-invest in a slate of films produced by Sony Pictures Entertainment.
Representing BNP Paribas, as arranger and administrative agent, in connection with a $425 million term loan and committed revolving asset-based credit facilities to a wholesale energy and midstream services company.
Representing BNP Paribas, as arranger and administrative agent, in connection with a $1.6 billion committed revolving asset-based credit facility to a leading international merchant energy company.
Representing BNP Paribas, as arranger and administrative agent, in connection with acquisition financing for a bidder for a major international financial institution’s physical energy and commodities business.
Representing BNP Paribas, as lender, in connection with a $150 million uncommitted revolving asset-based credit facility to a commodities focused hedge fund manager.
Representing a consumer finance investment firm, as lender, in connection with an insurance premium finance facility.
Representing Forbes Media LLC in connection with financing related to its sale of a majority equity interest to a group of international investors led by Integrated Asset Management (Asia) Limited.
Representing the finance provider in connection with a healthcare royalty finance transaction.
Representing MUFG Bank, Ltd., as arranger and administrative agent, in connection with a $450 million uncommitted revolving asset-based credit facility to an international commercial supplier and wholesale distributor of refined petroleum products.
Representing Bank of America Merrill Lynch, as arranger, in connection with a proposed $285 million first lien/second lien credit facility secured primarily by a natural gas-fired combined-cycle power generation facility.