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A partner in the Corporate Department, Ryan D. McNaughton represents underwriters, issuers, lenders, borrowers, private equity firms and other financial institutions in a variety of structured and asset backed financings, including public and private secured and unsecured note offerings and credit facilities. In addition, he advises ABS investors and private equity firms on the structuring, diligence and execution of acquisitions of ABS issuers, potential ABS issuers and asset backed notes.
Prior to and during the credit crisis, Mr. McNaughton focused his practice primarily on traditional securitization asset classes, including RMBS, CMBS, trade receivables, automobile loan ABS and CLOs. Following the crisis, he has focused more extensively on the esoteric ABS market, including significant transactions in each of the following asset classes: whole business and other operating asset and royalty-backed securitizations; tax liens; PACE bonds; timeshare ABS; structured settlements; BDC lending (pre-securitization warehouse facilities); and wireless spectrum.
Other financing asset classes in which Mr. McNaughton has recently been active include wireless towers, data centers, alarm and home security receivables, non-performing mortgage loans, fix-and-flip commercial mortgage loans, venture-capital loans, film and TV production loans and solar development loans. In addition, Mr. McNaughton has worked on numerous public bond financings and project financings.
During the coronavirus pandemic, Mr. McNaughton has advised clients with respect to various governmental programs (TALF 2.0, PPP) and potential amendments, workouts and restructurings of existing term securitizations and warehouse arrangements. Mr. McNaughton has also devoted significant energy to potential litigation and restructurings related to structured products (e.g., CMBS, CLOs) and adverse market developments in commercial real estate finance, including with respect to complex hedging and derivatives positions such as CMBX.
Mr. McNaughton is currently an Adjunct Professor at Cornell Law School, where he teaches a seminar on Secured Transactions. He is also an avid classical pianist.
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