Nick Passarello

Associate
171 17th Street NW
Suite 2100
Atlanta, Georgia 30363
404.873.8568 phone

Representative Experience

  • Represented bank establishing a $25MM revolving facility to provide operating line of credit to an electronic event ticket broker.
  • Represented Israeli real estate investors in obtaining $35MM line of credit from a national bank to fund the acquisition of a multi-state portfolio of industrial properties, including subsequent additions of after-acquired properties to the collateral base and increases to the revolving commitment.
  • Represented domestic subsidiary of a European packaging material manufacturer in obtaining $4.1MM in term and revolving debt from a foreign bank to fund build-out of the company’s first American manufacturing line and provide operating capital.
  • Represented a non-bank lender making a $30.25MM perm loan to refinance construction debt on a 100k+ RSF Class A office building in North Carolina.
  • Represented a closely-held online auction and data company in obtaining a $65MM term loan from a non-bank lender to finance a dividend recapitalization transaction.
  • Represented bank making $13.5MM of term and revolving loans to fund sponsor’s leveraged acquisition of a medical information processor.
  • Represented bank extending $40MM in term and revolving debt to a sponsor-owned commercial communications services company to fund a dividend recapitalization transaction.
  • Represented bank extending $8MM of revolving credit to Florida-based beef packer.
  • Represented bank establishing a $10MM line of credit for operating capital needs of an IT staffing company.
  • Represented specialty finance company on the acquisition of a portfolio of insurance commission receivables.
  • Represented specialty finance company on the securitization of $60MM+ portfolio of structured settlement receivables.
  • Represented bank extending $40MM in term and revolving debt to provide line of credit to fast food franchisor for future restaurant acquisitions and to refinance existing mortgages on a 30+ property real estate portfolio.
  • Represented agent bank providing $23MM in term and revolving credit facilities for the leveraged buyout of a manufacturer of athletic and recreational surface materials.
  • Represented bank extending multiple mortgage refinance loans and operating lines of credit to affiliated urology clinic practices.
  • Represented bank on $6MM ABL line of credit to ESOP-owned installer of professional audiovisual and communications systems.
  • Represented bank in extending $10MM operating line of credit to manufacturer of outdoor and aerospace digital display screens.
  • Represented bank in making $30MM revolving ABL facility in connection with the leveraged acquisition of an Atlanta-based contract security services provider.
  • Represented CMBS servicer in connection with the assumption of a mortgage loan by the purchaser of a Tennessee business park.
  • Represented agent bank extending multiple facilities totaling $38MM to a medical debt buyer secured by its portfolios of healthcare receivables.
  • Represented bank in originating a $10MM working capital line of credit and $35MM in term debt to a Georgia-based chemical manufacturer for use in acquiring a manufacturing and terminaling facility from a federal environmental trustee, including a deposit into an escrow arrangement that will be used to fund the environmental remediation at the site.
  • Represented bank in making $10MM term loan to an Atlanta-based medical imaging service provider to fund a dividend recapitalization transaction.
  • Represented bank in extending $36MM in acquisition financing to an investor group to acquire a Florida-based medical billing company.
  • Represented bank in the making of a $19MM mortgage loan to a regional convenience store operator secured by a portfolio of convenience store locations in central Florida.
  • Represented medical-specialty group of a bank in the origination of $13MM of term and revolving debt to a West Georgia-based ophthalmology and surgical practice and affiliated entities, secured by mortgages on a portfolio of owner-occupied and leased real estate and blanket liens on the practice’s assets.
  • Represented bank in making $60MM ABL warehouse loan to a financial services company to be used in the acquisition of portfolios of mortgage debt secured by renewable energy projects.
  • Represented CRE group of a bank in connection with making a $30MM term and construction loan to subsidiaries of a REIT joint venture between an Atlanta-based developer and a foreign university. The loan was secured by a portfolio of shopping center properties in Florida, Illinois and Wisconsin. Loan proceeds were used to acquire and provide construction financing for capital improvements to the centers.
  • Represented bank in making of term, revolving, and delayed draw debt totaling $51MM to distributor of automotive paint products.
  • Represented non-bank lender in connection with a $21MM ABL facility loaned to a Texas-based tire distributor, with extensive subsequent loan modifications including the assignment of the loan in connection with its acquisition of the originating lender, the sale of the borrower to a Singapore-based private equity firm, multiple bolt-on acquisitions by the borrower, and increases of the commitment to $25MM.
  • Represented agent bank in extending $90MM+ of credit facilities to a petroleum distribution and terminaling company with operations in five Southeastern states.
  • Represented CMBS master servicer in assignment and assumption of $13.4MM of CMBS mortgage debt connected to the sale of two self-storage properties Delaware and the District of Columbia.
  • Represented bank in connection with $54MM of senior-secured debt financing to facilitate a private equity sponsor’s leveraged acquisition of a controlling interest in a Georgia-based manufacturing company, with additional mezzanine debt financing.
  • Represented bank in connection with $17MM of term and revolving credit facilities to finance the sale of a Georgia-based distributor of mechanical parts and equipment to an employee stock ownership plan (ESOP).
  • Represented bank in providing a $25MM secured term loan to facilitate the sale of a Georgia-based carpet and flooring manufacturer to an employee stock ownership plan (ESOP).
  • Represented bank in connection with the refinancing of a $6MM revolving line of credit to a Georgia-based owner/operator of convenience stores in Alabama, Georgia and Florida. The revolving loan was cross-collateralized with two existing term loans secured by portfolios of real property in all three states, bringing the total amount of debt included in the transaction to $24.5MM.
  • Represented master servicer in the release of 600+ mortgaged properties across the United States from a $2.5 billion CMBS facility in connection with the spinoff and sale of a national hotel chain and the subsequent refinancing of the remaining portfolio.
  • Represented bank in connection with supplying $20MM of senior secured debt financing to a private equity sponsor to facilitate its leveraged buyout of a Florida-based recreational fishing boat manufacturer, including intensive intercreditor negotiations related to the target company’s existing showroom and inventory financing arrangements.
  • Represented agent bank in connection with a $45MM term and revolving loan transaction to provide financing for the sale of a Florida-based military contractor to an employee stock ownership plan (ESOP).
  • Represented Canadian financial services company in connection with the extension of $3.5MM of mezzanine debt for the acquisition and development of an urban multifamily project in Atlanta.

  • Represented Ohio-based telecommunications company in connection with the refinancing of $78.5MM of term and revolving debt from a telecom co-op bank.