David S. Passes

David S. Passes

Counsel, Banking
David Passes represents private equity funds, corporations, investment banks and commercial banks in connection with acquisition financings, leveraged buyouts, bridge loans, asset-based loans, corporate recapitalizations, first and second-lien financings, investment-grade financings, and other types of U.S. and international financings.

Bio

Mr. Passes’ practice extends across a wide range of industries. Notable representations include:

  • JAB Holding Company in connection with:
    • a $3 billion credit facility related to its $7.5 billion acquisition of Panera Bread;
    • a $2.8 billion credit facility related to its acquisition of National Veterinary Associates from Ares Management;
    • a $495 million credit facility to support its acquisition of Compassion-First Pet Hospitals from Quad-C Management Inc.;
    • a $500 million credit facility related to its $1.35 billion acquisition of Krispy Kreme Doughnuts; and
    • a $2.4 billion unsecured credit facility to finance the acquisition of Dr Pepper Snapple by its portfolio company Keurig Green Mountain;
  • Veritas Capital in connection with the financings of:
    • its $2.8 billion acquisition of Cubic Corp.;
    • Verscend Technologies, Inc. $4.9 billion acquisition of Cotiviti Holdings, Inc.;
    • its $700 million acquisition of the capital services business of Chicago Bridge & Iron Company N.V.; and
    • its acquisitions of Anaren, Onsolve, StandardAero and Abaco Systems;
  • Hg Capital in connection with the financings related to its acquisitions of Litera Microsystems, Intelerad and Caseware International;
  • Centene Corp. in connection with loan facilities related to its acquisitions of Health Net, Inc. and Well Care Health Plans, Inc.;
  • DowDuPont Inc. in the financings related to its spin-off and reorganization; and
  • Cava Group in the financing for its acquisition of Zoe’s Kitchen.

Credentials

Education

  • J.D., Brooklyn Law School, 2013 (summa cum laude)
  • B.A., State University of New York, Binghamton, 2010 (cum laude)

Admissions

  • New York

David S. Passes