Daniel A. Buoniconti

Dan concentrates his practice in receivables finance, trade finance, inventory finance, structured finance and commercial lending. Dan advises clients in connection with international and domestic securitizations, receivables discounting facilities, inventory finance programs, syndicated and bilateral revolving and term credit facilities, borrowing base facilities, repos, consignments and credit risk retention financings.

Experience

Representative matters

Represented a multinational agricultural trading company in connection with a dual tranche committed credit facility converting $700 million in revolving loans into pre-export term loans triggered by a divestment of Brazilian operating entities.

Represented a multinational commodities trading company in connection with a $1.75 billion syndicated European revolving credit facility.

Represented a fintech digital lender in connection with a $100 million facility used to provide loans ranging from $250,000 to $5 million to small and medium sized businesses.

Revolving credit facilities

Represented a multinational commodities trading company in connection with a $1.75 billion syndicated European revolving credit facility.

Represented a fintech digital lender in connection with a $100 million facility used to provide loans ranging from $250,000 to $5 million to small and medium sized businesses.

Represented a multinational agriculture trading company in connection with a $1.10 billion syndicated revolving credit facility.

Represented a multinational agriculture trading company in connection with a $900 million pre-export financing of Brazilian agricultural products.

Represented a global executive search and leadership consulting firm in a $100 million multicurrency credit facility.

Represented a multinational commodities grain trading company in connection with an $865 million revolving credit facility syndicated in the farm credit system.

Represented a social impact investment advisor in a €15 million revolving loan facility used to finance a global remittance company’s operations to transfer European customer’s funds to rural Africa and Asia.

Term loan facilities

Represented an aerospace defense contractor in connection with an $869 million term B facility.

Represented a multinational agriculture trading company in connection with a U.S. dollar equivalent 400 million yen and dollar denominated term loan facility.

Represented a social impact investment advisor in a $104 million term loan facility used by Scottish borrowers to finance projects in Brazil.

Represented a multinational agriculture trading company in connection with a $900 million senior unsecured delayed draw term loan.

Represented a social impact investment advisor in a $20 million secured term loan facility used by a Mauritius borrower to finance solar systems in Africa for households without grid-generated electricity with collateral in Mauritius, Rwanda, Nigeria, Tanzania and the United States.

Represented an investment manager in a social impact dual tranche financing of a borrower that manufactures and sells waste filtration units in India, China and Indonesia.

Represented an investment manager in a social impact term loan financing of a borrower that manufactures and sells solar products in Africa.

Receivables discounting facilities

Represented a global technology solutions company in connection with a $450 million receivables purchase agreement related to its sale of IT technology and outsourcing solutions to U.S. government entities.

Represented a Japanese bank in its purchase of $250 million of accounts receivable from a multinational pharmaceutical company.

Represented a Dutch bank in its purchase of $200 million of accounts receivable from a Bermudan spirits company.

Represented a global IT services and solutions company in connection with a $200 million committed receivables purchase agreement related to its sale of accounts receivable owed by federal government obligors.

Represented a Dutch bank in its purchase of $100 million of accounts receivable owed by large grocery store chains.

Represented an Australian global financial services group in connection with its creation of template documentation for the purchases and sales of receivables.

Represented a bank in its purchase of $60 million of accounts receivable owed by federal government obligors.

Represented a bank in its purchase of CAD $40 million of accounts receivable from a Canadian chemistry solutions and services provider.

Represented a French bank in connection with its purchase of accounts receivable from an American petroleum refiner.

Represented a Malaysian subsidiary of a global technology solutions company in connection with its sale of fixed “hell or high water” lease revenue receivables originated in Malaysia.

Represented multiple Australian subsidiaries of a global technology solutions company in connection with their sales of fixed “hell or high water” lease revenue receivables originated in Australia.

Represented several companies in connection with their review of potential purchases of receivables via an electronic marketplace.

Represented a multinational commodity trading company in connection with its sale of receivables through an electronic marketplace for trade finance assets.

Represented an Irish global payment solution and e-factoring company in connection with its purchase of accounts receivable via an online platform.

Represented a multinational commodity trading company in connection with its sale of receivables generated by the sale of petroleum and natural gas products.

Represented a Swedish subsidiary of a global technology solutions company in connection with its sale of $15 million in receivable payments generated by the delivery of computer system and related services.

Represented a global technology solutions company in connection with several sales of fixed “hell or high water” lease revenue receivables.

Represented an Irish global payment solution and e-factoring company in connection with its preparation of template documentation to be used in future purchases of accounts receivable.

Represented a fund in the purchase of a stream of fees related to the distribution of motion pictures.

Represented a structured settlement company in multiple repo and full recourse credit facility financings of credit risk retention assets.

Securitizations

Represented a global technology solutions company in connection with a $750 million accounts receivable securitization.

Represented a multinational commodities trading company in a $1.10 billion global trade receivables securitization involving receivables originated in the United States, Canada, Spain, Portugal, Italy, Hungary, France, The Netherlands and Germany.

Represented a financial services company in connection with the securitization of earned fees and potential fees generated by its debt resolution business

Represented a global technology solutions company in connection with a $275 million Medicaid accounts receivable securitization.

Represented German subsidiaries of a global technology solutions company in connection with a €200 million accounts receivable securitization.

Represented a financial services company in connection with a $275 million revolving securitization facility of lottery receivables, annuities, and structured settlements.

Represented a financial services company in connection with a $260 million master trust revolving securitization facility with retranching conversions to term loans.

Represented a financial services company in connection with a $150 million revolving lottery receivables securitization facility.

Represented a financial services company in connection with a $150 million revolving securitization facility of annuities and structured settlements.

Represented a global procure-to-pay company in connection with a multinational securitization of accounts receivable originated in Europe, Asia, and the United States originated by Indian entities and sold to a Singaporean special purpose entity.

Represented a financial services company in connection with a $50 million forward flow master trust revolving securitization facility of annuities and structured settlements with retranching conversions to term loan tranches.

Represented a financial services company in connection with a $200 million forward flow master trust revolving securitization facility of annuities and structured settlements.

Represented a financial services company in connection with a $150 million term note securitization facility of annuities and structured settlements.

Represented a financial services company in connection with a $100 million revolving securitization facility of annuities and structured settlements.

Represented a financial services company in connection with a $50 million revolving lottery receivables securitization facility.

Represented a Chinese multinational conglomerate in its diligence review of an entertainment production company’s $340 million securitization facility in connection with a proposed $1.0 billion acquisition.

Inventory financings

Represented a French bank in connection with an uncommitted $1 billion inventory finance program for electronic inventory.

Represented a Japanese bank in its review of and entry into an uncommitted $2 billion syndicated facility for AI hardware inventory.

Represented a French bank in connection with a committed $150 million inventory finance program for battery energy storage systems.

Represented a French bank in connection with a committed $50 million inventory finance program for solar panels.

Represented a bank in a $125 million metals consignment facility.

Represented a global merchant commodities firm in connection with a feedstock supply financing arrangement including carbon fuel standard credits.

Represented a Brazilian subsidiary of a global trading company in connection with a credit sleeve transaction for petroleum products.

Represented a global trading company in connection with a $25 million prepayment financing facility for synthetic plastic polymers.

Represented a global merchant commodities firm in connection with a refined petroleum supply and storage arrangement involving a terminal operated in Texas.

Represented a global merchant commodities firm in connection with a crude oil transloading and storage arrangement.

Represented a bank in the preparation of template documentation for the consignments of precious metals and other goods.

Represented a multinational commodity trading company in connection with a secured bilateral facility for the financing of petroleum products.

Represented a French bank in connection with structuring a secured inventory financing facility related to base metals.

Represented a bank in connection with regulatory due diligence related to base metal repo and prepayment arrangements.

Represented a multinational commodity trading company in connection with a coal prepayment and bailment arrangement.

Represented a multinational commodities trading company in connection with a repo involving ethanol stored and in transit on rail cars and in storage facilities.

Represented a global merchant commodities firm in connection with a repo involving steel in transit on ocean-going vessels and at ports.

Represented a global merchant commodities firm in connection with a repo involving steel in transit on ocean-going vessels and ports and in storage and processing facilities located in Mexico.

Represented an apparel retailer in connection with a bills of exchange facility to increase such apparel retailer’s payment terms with suppliers.

Represented a global merchant commodities firm in connection with numerous bailment arrangements.

Borrowing base facilities

Represented a multinational commodity trading company in a $4.50 billion borrowing base credit facility used to finance its natural gas, fuel oil, crude oil, renewable fuels and power businesses in the United States, Puerto Rico, Bahamas, and Canada.

Represented a global trading company in connection with its $1.24 billion borrowing base credit facility used to finance its polymers trading activities in England, Italy, Africa, The Netherlands, the United States, Singapore and the UAE.

Represented a global trading company in connection with its $1.04 billion borrowing base credit facility used to finance its petrochemicals trading activities in the United States and Mexico.

Represented a multinational commodity trading company in connection with a $200 million borrowing base facility used to finance its cotton, coffee, grains, and oilseeds physical trading activities in the United States, Taiwan, and Malaysia.

Represented a commodities firm acting as lender in connection with a $50 million borrowing base facility used to finance feedstock, blendstock and finished inventory.

Represented a bank in connection with a $25 million borrowing base facility used by a supplier to finance organic food ingredients in the United States and Canada.

Represented an investment management company acting on behalf of an insurance company, that was a senior lender in structuring a $30 million senior borrowing base facility and an $8 million mezzanine facility used by the borrower to acquire and make consumer loans in connection with consumer counseling activities provided by the borrower’s affiliate.

Represented an investment management company, as administrative agent on behalf of senior lenders, in structuring a $15 million senior borrowing base facility and a $5.5 million term loan facility used by the borrower to make loans to other entities that will acquire pools of distressed consumer credit card receivables.

Bilateral facilities

Represented a global agribusiness and food company in connection with $1.35 billion of bilateral uncommitted credit facilities.

Represented a multinational commodity trading company in connection with several secured bilateral credit facilities to finance crude oil, petroleum products, metals and receivables related thereto.

Represented a global trading company in connection with several secured bilateral credit facilities to finance petroleum products and chemicals.

Represented a global base metals trader in connection with its domestic secured bilateral facilities.

Represented a global merchant commodities firm in connection with its preparation of template bilateral credit facility documentation.

Upstream oil and gas financing

Represented a global food corporation in a $200 million senior secured reserve-based term loan to an independent oil and gas exploration company.

Profit sharing arrangements and joint ventures

Represented a multinational commodities trading company in a structured profit sharing arrangement involving the purchase of crude oil from producers located in Western Texas and the transport of such oil through multiple pipelines and terminals to Corpus Christi, Texas for export.

Represented a multinational commodities trading company in a profit sharing arrangement involving the purchase, transit and sale of crude oil.

Represented a global merchant commodities firm in connection with the financing of a biodiesel joint venture.

Trading contracts, tolling and storage agreements

Represented a multinational energy and commodity trading company in connection with its purchase of butane and naphtha and exclusive storage rights at a terminal in connection with its blending operations.

Represented a multinational commodity trading company in connection with the sale of 80 percent of the company’s interests in terminal assets located in Corpus Christi, Texas for a total sale price of $860 million and the preparation of long-term commercial agreements for the use of a splitter, a terminal, storage facilities and gathering stations.

Lease financing

Represented a global IT services and solutions company in structuring a program to enter into lease statements of work and sell hardware lease payments in the United States, England, Ireland and Australia.

Represented a bank in its financing of fuel technology systems and conducted a red-flag issues review and analysis related to the structuring of “hell or high water” lease payments used to repay the loan.

Represented a global technology solutions company in connection with its sale and assignment of hardware and related hardware lease payments.

Participations

Represented a Dutch bank in connection with its participation facilities with British and U.S. banks.

Represented a U.S. Bank in connection with its negotiation of a master participation agreement.

Represented a Singaporean bank in connection with the sale of a participation of accounts receivable generated by freight services from a global commodities trader.

Represented a Filipino bank in connection with the sale of a participation of bills of exchange related to trade finance transactions.

Represented a Singaporean bank in connection with its purchase of a participation of accounts receivable from a global food and agricultural supplier.

Represented a French bank in connection with its purchase of a participation of accounts receivable of an equipment company.

Represented an Australian global financial services group in connection with its preparation and negotiation of participation documentation.

Bond issuances

Represented a multinational agricultural trading company in connection with a $1 billion senior note bond issuance in two tranches.

Represented a multinational agricultural trading company in connection with a $1 billion senior note bond issuance.

Represented a multinational agricultural trading company in connection with a $700 million senior note bond issuance.

Represented a multinational agricultural trading company in connection with a €600 million senior note bond issuance.

Represented a multinational agricultural trading company in connection with two $600 million senior note bond issuances.

Represented a multinational agricultural trading company in connection with a $500 million senior note bond issuance.

Represented a multinational agricultural trading company in connection with a €200 million senior note bond issuance.

Letter of credit facilities

Represented a multinational energy corporation in connection with a $100 million letters of credit facility.

Represented a bank in connection with the issuance of $9 million in standby letters of credit for biomass plants in California.

Commercial paper facilities

Represented a multinational agriculture trading company in connection with a $600 million five-year revolving liquidity facility to support a commercial paper program.

Represented a multinational agribusiness in connection with its $1 billion corporate commercial paper facility.

Mergers and acquisitions

Represented a buyer group in connection with its acquisition of a majority ownership stake in a professional basketball team.

Represented a multinational commodity trading company in connection with its acquisition of the general partner of various power funds.

Represented a Chicago based law firm in connection with its merger into a law firm with a national platform.

Represented a portfolio company in connection with its purchases of the assets of ten veterinary clinics.

Represented an international hospitality and vacation ownership company in connection with its purchase of the assets of three resort management businesses.

Represented an international hospitality and vacation ownership company in connection with its purchase of the equity ownership interests and management contracts of a resort management business.

Represented a private equity firm in connection with its due diligence review of an eco-friendly toy company.

Corporate reorganizations

Represented a global agribusiness and food company in connection with its redomiciliation from Bermuda to Switzerland and its amendment of several dozen financing facilities totaling more than $12 billion.

Represented a multinational commodity trading company in connection with its reorganization to replace a Swiss entity with a Singaporean entity as parent guarantor of its global financing facilities.

Represented a multinational commodity trading company in connection with its reorganization from a Swiss corporation to a Delaware limited liability company.

Represented a global technology solutions company in connection with its merger and assignment of guarantees of various financing facilities.

Represented a global commodities firm in connection with its reorganization from a Delaware limited partnership to a Delaware limited liability company.

Alternative energy transactions

Represented a leading renewable energy developer in its sale of membership interests in a battery storage operator and engagement as contractor in the construction of a battery storage system in Ohio.

Represented a leading renewable energy developer in its bid to develop a solar-powered electric generation facility in Ontario.