Daniel I. Papermaster focuses on corporate finance and restructurings, primarily representing various types of financial institutions, hedge funds, and large corporations in financing and restructuring transactions. A significant portion of his practice is concentrated on syndicated bank financings, representing hedge funds in debt and equity investments and cross-border financings as well as representing institutional investors of privately placed debt. Dan is head of the firm’s private placement team and serves as the deputy practice group head of the finance practice, which includes the subgroups of international finance, restructuring & bankruptcy, and transactional finance.
Dan has long been active in Connecticut politics. In March 2009, he was appointed by Sens. Christopher Dodd and Joseph Lieberman, and he continues to serve on the select committee to screen candidates for high-level federal appointments, including Connecticut’s US attorney, federal judicial nominations for Connecticut, and federal magistrates in Connecticut.
In 2018, Dan was appointed to Chair Connecticut State Treasurer Shawn Wooden’s transition team. In 2003, Dan was appointed by the mayor of the City of Hartford to chair a commission to reorganize the corporation counsel’s office of the City of Hartford. Dan acted as senior adviser to Sen. Lieberman’s 2000 vice presidential campaign, as legal counsel to Sen. Lieberman’s 2006 US Senate campaign, and as lead negotiator of Sen. Lieberman’s Senate debates. In 2010, he served as legal counsel to Republican gubernatorial candidate Oz Griebel.
Dan represents numerous entities involved in economic development projects in Hartford, and is also involved in community activities. He serves on the board of directors of Camp Laurelwood and has been the chairman of Hartford’s Mark Twain Days Festival.
Before joining Morgan Lewis, Dan was operating partner of another international law firm’s managing partner team and was co-chair of the firm’s transactional finance practice.
Ferrari N.V. — Represented institutional investors in a €300 million private placement of senior notes issued by Italian luxury sports car company based in the Netherlands.
G4S PLC — Represented institutional investors in numerous private placement financings aggregating US$1.4 billion and GBP£69 million issued by G4S International Finance plc, a multinational security services company.
Represented institutional investor in a $75 million financing of a Mexican software company.
Representation of institutional investor groups in a series of transactions involving nearly $1 billion of secured financings in connection with a dormitory privatization initiative where the University System of Georgia, Howard University, and Wayne State University have entered into a public private partnership arrangement with Corvias Campus Living.
The Vanguard Group, Inc. — Represented institutional investors in the issuance of $3 billion private placement (the largest private placement ever) for an investment advisor with over $5.3 trillion in assets under management and the largest offering of mutual funds in the world. Previously represented investors in the amendment of an additional $650 million private placement financing.
Chick-fil-A Inc. — Represented institutional investors in a $1.7 billion private placement financing of Chick-fil-A Inc., one of the largest American fast-food restaurant chains with more than 2,600 restaurants in the United States and Canada.
Coke Mexico — Represented institutional investors in $800,000,000 private placement financing for AC Bebidas S. de R.L. de C.V., the second-largest Coca Cola bottler in Latin America.
Represented institutional investors in $300,000,000 private placement financing for Comision Federal de Electricidad (“CFE”), a state owned electric utility company for Mexico.
Represented Bank of America in a $900,000,000 revolving credit facility and a $150,000,000 term loan facility for United Natural Foods, Inc., a distributor of natural and organic foods, specialty foods, and related products in the United States and Canada.
SkyCity — Represented institutional investors in $175 million private placement of an Australian casino and resort company
Nordic Aviation — Represented institutional investors in a $200 million senior unsecured private placement financing for NAC Aviation 29 DAC, a wholly-owned Irish subsidiary of Nordic Aviation Capital DAC (NAC), a Danish global leader in regional aircraft leasing. The issuance was made up of two tranches, and the proceeds will be used to finance aircraft. NAC closed a $350 million revolving credit facility.
Sweetwater — Represented institutional investors in connection with the purchase of approximately $420 million in secured notes from Sweetwater Investors II, LLC. The notes will be repaid from the securitization of royalty payments due to two subsidiaries of Anadarko Petroleum Corporation from trona and coal mining leases that have leased mineral rights from Anadarko’s subsidiaries on their acreage in Sweetwater County, Wyoming
NRP (Operating) LLC — Represented institutional investors in the restructuring and amendment of a $1 billion private placement financing for the subsidiary of a natural resource company that owns and manages oil and gas, coal, aggregates and industrial minerals properties, including the granting of security interests and the negotiation of an intercreditor agreement with the issuer’s bank lenders
Intrepid Potash, Inc. — Representation of lenders in $150 million restructuring of mining company
Cabot Oil & Gas Corporation — Representation of institutional investors in connection with $925 million of secured notes issued by Cabot Oil & Gas Corporation
United Arab Shipping Company — Representation of institutional investors in connection with the purchase of enhanced maritime trust certificates as part of a structured financing for two ultra-large container vessels for United Arab Shipping Company (UASC)
Primary outside debt financing counsel for nationally known hedge fund, representing it in numerous senior and mezzanine financing arrangements
Represent hedge funds in the purchase and restructuring of distressed debt
Three Rivers Casino — Represented institutional investors in the restructuring of $70 million of bonds of an Indian casino and resort
Orica Limited — Represented institutional investors in $600 million private placement to Australian mining company
The J.M. Smucker Company — Represented institutional investors in more than $1 billion of private placement of notes to international foods corporation
Cameron Highway Oil Pipeline — Counseled institutional investors in a $415 million project finance private placement of largest oil pipeline in the Gulf of Mexico
Proquest Company — Aided holders of $325 million private placement notes in the restructuring of more than $500 million of debt of Proquest Company, which allowed the company to sell assets and prepay all debt in full with premium
Red Electrica — Advised institutional investors in a $500 million private placement to Spain’s largest electric company
Oil and Gas Refining Company — Represented term loan lenders in restructuring of $302 million loan to oil refining company
Bacardi — Represented institutional investors in a $350 million private placement to an international liquor producer
Distressed debt purchasers — Provided counsel to numerous purchasers of distressed debt
National food company — Counseled a syndicate agent in a $250 million acquisition financing for a national fruit and vegetable processing company
National fast food franchisee — Represented the lender in a $35 million subordinated debt financing and subsequent restructuring of senior and subordinated debt and takeover of a large national fast food franchisee
International manufacturer — Guided a syndicate agent in the asset-based financing of an international office furniture manufacturer in the US, UK and Germany
Soft drink bottler — Counseled the lender in a $30 million subordinated debt financing of a soft drink bottler
The University of Texas School of Law, 1989, Juris Doctor
University of Michigan, 1986, Bachelor of Arts, With Honors
Awards and Affiliations
Recommended, Finance: Commercial lending: advice to lenders, The Legal 500 US (2019)
Recommended, Finance: Restructuring (including bankruptcy): corporate, The Legal 500 US (2019, 2020)