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Sheel Patel, a partner in King & Spalding’s Private Credit and Special Situations group, has more than 15 years of experience working on complex commercial financing transactions across diverse industries. He routinely represents private capital providers, financial institutions, private equity sponsors and corporate borrowers on cutting-edge leveraged and investment-grade financing transactions, asset-based financing transactions, mezzanine lending, high yield issuances, preferred equity investments, event-driven and opportunistic financing transactions, as well as special situations, workouts, restructurings, and insolvency matters.

Sheel is a frequent speaker in the area of finance. His most recent presentations are related to such topics as liability management transactions, cross-border financings, DIP financings, intercreditor agreements and agreements among lenders.

Full Bio

Credentials

J.D., Hofstra University School of Law, Magna Cum Laude

B.S., Tulane University

New York

Gujarati

Recognized in 2014, 2015, 2016, and 2017 as a "Rising Star" in the area of banking & finance


New York Metro Super Lawyers

Lead financing of Databank's acquisition of zColo which was named 2020 Deal of the Year


North America Digital Infrastructure by Proximo Americas.

Close

Recognition

Recognized in 2014, 2015, 2016, and 2017 as a "Rising Star" in the area of banking & finance


New York Metro Super Lawyers

Lead financing of Databank's acquisition of zColo which was named 2020 Deal of the Year


North America Digital Infrastructure by Proximo Americas.

Matters

Select Lender Representations

Represented private credit lender in connection with $250 million first out revolving credit facility related to the emergence of Cineworld Group Plc from bankruptcy.

Represented private credit lender in connection with a rescue financing arrangement provided to a publicly listed automation company, the proceeds of which helped effectuate an exchange offer (and avoided a bankruptcy filing).

Represented private credit lenders in connection with the $1.2 billion in credit facilities to support the take-private acquisition of Tivity Health by Stone Point Capital.

See more

Close

Matters

Select Lender Representations

Represented private credit lender in connection with $250 million first out revolving credit facility related to the emergence of Cineworld Group Plc from bankruptcy.

Represented private credit lender in connection with a rescue financing arrangement provided to a publicly listed automation company, the proceeds of which helped effectuate an exchange offer (and avoided a bankruptcy filing).

Represented private credit lenders in connection with the $1.2 billion in credit facilities to support the take-private acquisition of Tivity Health by Stone Point Capital.

Represented private credit lender in connection with a $175 million secured credit facility provided to a U.S. Flag shipping and services conglomerate and subsequent equitization of such debt (as a result of an out-of-court restructuring).

Represented private credit lenders in connection with the financing to support the buyout of Dayco, LLC by Hidden Harbor Capital Partners.

Represented private credit lender in connection with preferred equity investment in private equity backed business services company.

Represented private credit lender in connection with a heavily negotiated purchase of $100 million in bridge commitments from commercial banks at a time where there was significant disruption in the high yield markets.

Represented private credit lenders in connection with financing to support the buyout of Kenco Group by Pritzker Private Capital.

Represented private credit lenders in connection with financing to support the buyout of Celerion Holdings by H.I.G. Capital.

Represented private credit lenders in connection with financing to support the buyout of VetCor Holdings by Harvest Partners and Cressey & Company.

Represented Blackstone Credit, through its Sustainable Resources Platform, in connection with $525 million in credit facilities provided to Enstructure LLC.

Represented private credit lenders in connection with financing to support the buyout of Ovation Holdings by Warren Equity Partners.

Represented private credit lender in connection with financing provided to a travel nurse staffing company.

Represented private credit lender in connection with financing provided to a private equity sponsor to support the buyout of a wholesaler of industrial and automotive aftermarket product (and subsequent add-on transactions).

Represented private credit lender in connection with $990 million in credit facilities to support a dividend recapitalization of a top tier sponsor backed company.

Represented private credit lender in connection with $125 million unitranche credit facility to support the buyout of an outsourcing company focused on digital engineering.

Represented private credit lender in connection with $110 million financing provided to a cybersecurity defense firm.

Represented private credit lender in connection with multiple recurring revenue loans.

Represented private credit lender in connection with $180 million PIK Holdco credit facility to support the refinancing of a sponsor backed HVAC, plumbing and electrical services roll up.

Represented KeyBank National Association, as lead arranger and administrative agent, in connection with a $300 million senior secured credit facility provided to a cloud infrastructure provider.

Select Restructuring Matters

Sheel has represented lender groups and agents in connection with financing matters related to complex in court and out of court restructuring matters, NYDJ, AMF Global (Ameriforge), Iqor, iHeartMedia, Monitronics, Catalina Marketing, Crossmark, RCS Capital, Checkers, Steak n’ Shake. He also advised on financing matters related to M&G Chemicals in its sales of U.S. assets in chapter 11, including the $1 billion sale of its Corpus Christi plant, as well financing matters in the chapter 11 case of Rex Energy.

Select Borrower/Sponsor Representations

Represented leading power company in the restructuring of a leveraged lease of a coal power plant.

Represented DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, in connection with the financing of zColo, including certain U.S. and European data center assets, from Zayo Group Holdings, Inc. for $1.4 billion. This financing was recognized as the digital infrastructure deal of the year by Proximo Americas’.

Represented Xact Data Discovery, a leading international provider of eDiscovery, data management, and managed review services for major law firms and corporations and portfolio company of JLL Partners, in connection with its acquisition by Aquiline Capital Partners LLC, a New York-based private equity firm.

Represented Alcoa Corporation in the sale of its rolling mill business located in Warrick County, Indiana, to Kaiser Aluminum Corporation for $670 million.

Represented Vantage Data Centers, a leading global provider of hyperscale data center campuses, in connection with secured credit facilities related to the acquisition and expansion of data center assets.

Represented FTI Consulting in connection with multiple financing matters.

Represented Lennox International in connection with multiple financing matters.

Represented Goode Partners in connection with financing matters related to its acquisition of Forman Mills.

Represented Goode Partners in connection with financing matters related to its acquisition of Stone Fire Grill.

Represented Goode Partners in connection with financing matters related to its investment in Supreme.

Represented Twin River Casinos, in connection with multiple financings.

Represented OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the issuance by two of its wholly-owned subsidiaries of $650 million in aggregate principal amount of 5.000% Senior Notes due 2027 in a Rule 144A and Regulation S offering.

Represented Trico Group Holdings, LLC in connection with its acquisition of the Performance Pumps business of UCI International Holdings.

Represented an aftermarket automotive manufacturer and certain of its affiliates in connection with a $50 million incremental term loan.

Represented BWX Technologies, Inc. in connection with a US$800 million senior secured credit agreement consisting of a US$500 million senior secured revolving credit facility; a US$50 million senior secured term loan A; and a CAD$250 million senior secured term loan A.

Represented International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes in a private placement.

Matters

Select Lender Representations

Represented private credit lender in connection with $250 million first out revolving credit facility related to the emergence of Cineworld Group Plc from bankruptcy.

Represented private credit lender in connection with a rescue financing arrangement provided to a publicly listed automation company, the proceeds of which helped effectuate an exchange offer (and avoided a bankruptcy filing).

Represented private credit lenders in connection with the $1.2 billion in credit facilities to support the take-private acquisition of Tivity Health by Stone Point Capital.

See more

Close

Matters

Select Lender Representations

Represented private credit lender in connection with $250 million first out revolving credit facility related to the emergence of Cineworld Group Plc from bankruptcy.

Represented private credit lender in connection with a rescue financing arrangement provided to a publicly listed automation company, the proceeds of which helped effectuate an exchange offer (and avoided a bankruptcy filing).

Represented private credit lenders in connection with the $1.2 billion in credit facilities to support the take-private acquisition of Tivity Health by Stone Point Capital.

Represented private credit lender in connection with a $175 million secured credit facility provided to a U.S. Flag shipping and services conglomerate and subsequent equitization of such debt (as a result of an out-of-court restructuring).

Represented private credit lenders in connection with the financing to support the buyout of Dayco, LLC by Hidden Harbor Capital Partners.

Represented private credit lender in connection with preferred equity investment in private equity backed business services company.

Represented private credit lender in connection with a heavily negotiated purchase of $100 million in bridge commitments from commercial banks at a time where there was significant disruption in the high yield markets.

Represented private credit lenders in connection with financing to support the buyout of Kenco Group by Pritzker Private Capital.

Represented private credit lenders in connection with financing to support the buyout of Celerion Holdings by H.I.G. Capital.

Represented private credit lenders in connection with financing to support the buyout of VetCor Holdings by Harvest Partners and Cressey & Company.

Represented Blackstone Credit, through its Sustainable Resources Platform, in connection with $525 million in credit facilities provided to Enstructure LLC.

Represented private credit lenders in connection with financing to support the buyout of Ovation Holdings by Warren Equity Partners.

Represented private credit lender in connection with financing provided to a travel nurse staffing company.

Represented private credit lender in connection with financing provided to a private equity sponsor to support the buyout of a wholesaler of industrial and automotive aftermarket product (and subsequent add-on transactions).

Represented private credit lender in connection with $990 million in credit facilities to support a dividend recapitalization of a top tier sponsor backed company.

Represented private credit lender in connection with $125 million unitranche credit facility to support the buyout of an outsourcing company focused on digital engineering.

Represented private credit lender in connection with $110 million financing provided to a cybersecurity defense firm.

Represented private credit lender in connection with multiple recurring revenue loans.

Represented private credit lender in connection with $180 million PIK Holdco credit facility to support the refinancing of a sponsor backed HVAC, plumbing and electrical services roll up.

Represented KeyBank National Association, as lead arranger and administrative agent, in connection with a $300 million senior secured credit facility provided to a cloud infrastructure provider.

Select Restructuring Matters

Sheel has represented lender groups and agents in connection with financing matters related to complex in court and out of court restructuring matters, NYDJ, AMF Global (Ameriforge), Iqor, iHeartMedia, Monitronics, Catalina Marketing, Crossmark, RCS Capital, Checkers, Steak n’ Shake. He also advised on financing matters related to M&G Chemicals in its sales of U.S. assets in chapter 11, including the $1 billion sale of its Corpus Christi plant, as well financing matters in the chapter 11 case of Rex Energy.

Select Borrower/Sponsor Representations

Represented leading power company in the restructuring of a leveraged lease of a coal power plant.

Represented DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, in connection with the financing of zColo, including certain U.S. and European data center assets, from Zayo Group Holdings, Inc. for $1.4 billion. This financing was recognized as the digital infrastructure deal of the year by Proximo Americas’.

Represented Xact Data Discovery, a leading international provider of eDiscovery, data management, and managed review services for major law firms and corporations and portfolio company of JLL Partners, in connection with its acquisition by Aquiline Capital Partners LLC, a New York-based private equity firm.

Represented Alcoa Corporation in the sale of its rolling mill business located in Warrick County, Indiana, to Kaiser Aluminum Corporation for $670 million.

Represented Vantage Data Centers, a leading global provider of hyperscale data center campuses, in connection with secured credit facilities related to the acquisition and expansion of data center assets.

Represented FTI Consulting in connection with multiple financing matters.

Represented Lennox International in connection with multiple financing matters.

Represented Goode Partners in connection with financing matters related to its acquisition of Forman Mills.

Represented Goode Partners in connection with financing matters related to its acquisition of Stone Fire Grill.

Represented Goode Partners in connection with financing matters related to its investment in Supreme.

Represented Twin River Casinos, in connection with multiple financings.

Represented OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the issuance by two of its wholly-owned subsidiaries of $650 million in aggregate principal amount of 5.000% Senior Notes due 2027 in a Rule 144A and Regulation S offering.

Represented Trico Group Holdings, LLC in connection with its acquisition of the Performance Pumps business of UCI International Holdings.

Represented an aftermarket automotive manufacturer and certain of its affiliates in connection with a $50 million incremental term loan.

Represented BWX Technologies, Inc. in connection with a US$800 million senior secured credit agreement consisting of a US$500 million senior secured revolving credit facility; a US$50 million senior secured term loan A; and a CAD$250 million senior secured term loan A.

Represented International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes in a private placement.

Credentials

J.D., Hofstra University School of Law, Magna Cum Laude

B.S., Tulane University

New York

Gujarati

Recognized in 2014, 2015, 2016, and 2017 as a "Rising Star" in the area of banking & finance


New York Metro Super Lawyers

Lead financing of Databank's acquisition of zColo which was named 2020 Deal of the Year


North America Digital Infrastructure by Proximo Americas.

Close

Recognition

Recognized in 2014, 2015, 2016, and 2017 as a "Rising Star" in the area of banking & finance


New York Metro Super Lawyers

Lead financing of Databank's acquisition of zColo which was named 2020 Deal of the Year


North America Digital Infrastructure by Proximo Americas.