Seth Jacobson is global head of Skadden’s Banking Group. He represents lenders and borrowers in connection with various types of sophisticated financing transactions in a wide variety of industries.

Bio

Mr. Jacobson’s typical transactions include acquisition financings, leveraged loans, asset-based loans, complex intercreditor arrangements and leasing arrangements.

Mr. Jacobson was named a National Law Journal Trailblazer in 2019 in Finance, Banking & Capital Markets. He repeatedly has been listed in Chambers USA: America’s Leading Lawyers for Business, The Best Lawyers in America, IFLR1000 and The International Who’s Who of Banking Lawyers.

Significant transactions include the representation of:

  • R.R. Donnelley & Sons Company in connection with $1.45 billion of senior secured credit facilities consisting of a $550 million Term Loan B and a $900 million asset-based revolving credit facility;
  • J. C. Penney Company, Inc. in connection with $3.9 billion of senior secured credit facilities consisting of a $2.3 billion asset-based revolving credit facility and a $1.6 billion term loan B;
  • Fortress Investment Group LLC in connection with a $1.49 billion senior secured credit facility for Foundation Holdco as part of SoftBank Group Corp.’s acquisition of Fortress;
  • Ashtead Group plc in connection with a $4.1 billion cross-border asset-based credit facility and numerous high-yield note issuances;
  • Essendant, Inc. in connection with its financing relating to the J.P. Richards and Staples transactions;
  • Ball Corporation in connection with a $3 billion multicurrency revolving credit facility and a £3.3 billion “certain funds” bridge facility to finance its proposed acquisition of Rexam PLC;
  • The Hillshire Brands Company in connection with commitments for a $4.8 billion senior secured term loan and a $500 million senior secured revolving credit facility to support Hillshire’s proposed acquisition of Pinnacle Foods;
  • Florida East Coast Industries and Florida East Coast Holdings Corp. in connection with a $1.1 billion senior note offering;
  • All Aboard Florida in connection with a $405 million senior note offering to finance construction of a new passenger railroad in Florida and a related $100 million of railcar financing;
  • Bank of America, N.A. in connection with:
    • numerous financings for Sears Holdings Corp., including a $1.26 billion debtor-in-possession financing and a $1.3 billion senior secured financing for Transform Holdco LLC in connection with its acquisition of Sears’ remaining stores;
    • its $1.4 billion asset-based revolving credit facility used as acquisition financing to support the combination of xPedx (a division of International Paper) and Unisource, Inc.; and
    • debtor-in-possession financings for Remington and Video Equipment Rentals;
  • Bank of America, N.A. and Deutsche Bank AG in connection with a $1.25 billion cross-border asset-based revolving credit facility for the Algeco Scotsman Group;
  • Citigroup, Inc. in connection with its $850 million cross-border asset-based revolving credit facility to Ardagh Group SA;
  • Citibank, N.A. in connection with asset-based revolving credit facilities for Harland Clarke Corp., InVentiv Health, Inc. and UTi Worldwide Inc.;
  • JP Morgan Chase Bank, N.A. in connection with a $1 billion cross-border asset-based revolving credit facility for General Cable Corporation; and
  • Wells Fargo Bank, National Association in connection with a $1.2 billion cross-border asset-based revolving credit facility for Novelis Inc.

In addition to traditional financing arrangements, Mr. Jacobson has extensive experience in aircraft finance transactions and other leasing transactions. Mr. Jacobson represented ArcLight Capital Partners, LLC in its $1 billion leveraged lease financing of geothermal power facilities. In addition, he represented US Airways in connection with various aircraft financing programs, including lease and mortgage financings of more than 85 new Airbus aircraft between 1998 and 2001, and the restructuring of lease and mortgage financing arrangements for more than 200 aircraft during US Airways’ first Chapter 11 proceeding. Mr. Jacobson’s representation of US Airways also included, among other things, structuring, documenting and closing in excess of $2 billion in enhanced equipment trust certificates in both public offerings and private placements, and the negotiation and documentation of its $1.6 billion senior secured credit facility.

Credentials

Education

  • J.D., University of Michigan Law School, 1988 (cum laude)
  • B.A., University of Michigan, 1985 (with High Distinction)

Admissions

  • Illinois
  • U.S. Supreme Court

Seth E. Jacobson