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John J. Anselmi

Special Counsel

John J. Anselmi

Special Counsel
Melbourne +61-3-9635-1500+61-3-9635-1500 +61-3-9654-2422+61-3-9654-2422
[email protected]
John Anselmi is Special Counsel in Sullivan & Cromwell’s general practice group and manages the Firm’s Melbourne office. He has extensive experience in a wide range of financing matters, including capital markets offerings, bank financings, liability management transactions and project and infrastructure development and finance. Mr. Anselmi also advises clients on corporate transactions, including joint venture arrangements and venture capital and private equity investments.

Mr. Anselmi’s financing expertise includes public and private capital markets offerings, secured and unsecured bank financings and acquisition financings. He has advised both U.S. and non-U.S. issuers on a variety of capital markets transactions. He regularly advises clients on credit agreements, including revolvers, asset-based loans, reserves-based loans and term loans, letter of credit facilities, receivables facilities and other financing transactions. Mr. Anselmi has represented issuer and borrower clients in a variety of industries, including oil and gas, mining, information technology and research, real estate, manufacturing, logistics and financial institutions.

Mr. Anselmi was previously resident in the Firm’s London, New York and Sydney offices.

SELECTED REPRESENTATIONS

Debt Offerings and Other Financing Matters
  • Bank Financings
    • SoftBank Group Corp. and its subsidiaries in multiple commercial bank margin loans.
    • Meridian Capital Group in connection with a term loan and revolving credit facility.
    • PODS, a portfolio company of Ontario Teachers’ Pension Plan, in connection with the refinancing of its credit facility comprising a $1.2 billion term loan and $100 million revolving facility.
    • The AZEK Company Inc. in connection with its asset-based revolving credit and term loan facilities.
    • Goodman North American Partnership in connection with its aggregate US$300 million senior unsecured credit facilities.
    • Bumble Bee Foods, a portfolio company of Lion Capital, in connection with its $850 million debt refinancing.
       
  • Capital Markets Offerings
    • Mineral Resources Limited in its debut $700 million offering of senior unsecured high yield notes pursuant to Rule 144A/Regulation S.
    • Perth Airport Pty Ltd in its U.S. private placements pursuant to Section 4(a)(2) in 2019 ($225 million aggregate amount of notes) and 2020 ($150 million aggregate amount of notes).
    • Goodman North American Partnership in connection with its $400 million (2021) and $200 million (2020) U.S. private placements pursuant to Section 4(a)(2).
    • National Australia Bank and Bank of New Zealand in various notes offerings, including pursuant to Section 3(a)(2) and Rule 144A/Regulation S under their respective medium term notes programs.
    • Australia and New Zealand Banking Group and ANZ Bank New Zealand in connection with Rule 144A/Regulation S offerings  pursuant to their respective medium term notes programs.
       
  • Acquisition Financings
    • Standard Industries Holdings in connection with the financing for its acquisition of W. R. Grace & Co, including unsecured notes, secured revolving credit facility and secured term loan.
    • Rent-A-Center, Inc. in connection with the financing for its acquisition of Acima Holdings, LLC, including a $450 million issuance of Rule 144A/Regulation S notes, $550 million asset-based revolving credit facility and $875 million senior secured term loan facility.
    • Gartner, Inc. $4 billion of financing in connection with the acquisition of CEB Inc., including revolving, term and bridge credit facilities and senior unsecured notes.
    • United Rentals, Inc., including the acquisitions of RSC Equipment Rental, Inc., National Pump & Compressor Ltd. and NES Rentals Holdings II, Inc., BlueLine Rental, BakerCorp, Neff Corporation, Vander Holding Corporation and General Finance Corporation.
    • Investment vehicles managed by American Energy Partners, LP in connection with multiple acquisitions, including the negotiation of financing commitments, reserves-based loans and bond offerings.
    • K+S AG in connection with the disposition of its Americas salt business to an investor group led by Stone Canyon Industries Holdings LLC.
    • Acted for financial sponsors in connection with the financings for bids or acquisition transactions for entities including CPG International Inc., Sport Chalet, Eastern Mountain Sports, Hoffman Southwest Corp. and RoadSafe Traffic Systems.
       
  • Other Financing and Restructuring Matters
    • Canyon Capital Advisors LLC in connection with its $600 million “PIPE” transaction with New Residential Investment Corp.
    • United Rentals in connection with several financing transactions, including its $3.0 billion asset-based loan facilities, $900 million receivables facility and several secured and unsecured notes issuances (registered and unregistered).
    • Gartner, Inc. in connection with unsecured and secured credit facilities (including revolving and term loan facilities), Rule 144A/Regulation S notes offerings and related ISDA transactions.
    • Edmunds.com in connection with the issuance of senior subordinated notes and its senior credit facility.
    • CIT Group Inc. in connection with revolving credit facilities, registered and unregistered notes offerings (most recently including the issuance of $500 million senior unsecured fixed-to-floating rate notes, $100 million of subordinated notes and 8,000,000 shares of preferred stock, as well as several senior unsecured notes offerings), bank notes offerings, and various liability management transactions. 
    • Ascent Resources in connection with various financing and corporate matters, including entry into and refinancing of reserves-based credit facilities, term loans and issuance of senior unsecured notes, negotiation of ISDA agreements and various recapitalization transactions.
    • Acted for private credit providers in unitranche, second lien and preferred stock financings, including Delaware Life and Owl Rock Capital.
 Project Development and Finance
  • The borrower and a consortium of sponsors, including Exxon Mobil Corporation, the Independent Public Business Corporation of Papua New Guinea, Mineral Resources Development Company, Nippon Oil Corporation, Oil Search Limited, Petromin PNG Holdings Limited and Santos Limited in connection with the $18 billion project financing of PNG LNG in Papua New Guinea by export credit agencies, commercial banks and an affiliate of Exxon Mobil Corporation.
  • Yemen LNG in negotiating the environmental and social representations, warranties, covenants and other documentation required to reflect the policies and guidelines of the export credit agencies, political risk insurers and commercial banks providing financing to the project and advice on commercial agreements, including long-term LNG sale and purchase agreements.
  • Moma Titanium Mineral Sands Project (Mozambique) involving debt from regional development banks, export credit agencies and commercial banks.
  • Ambatovy Nickel Project (Madagascar) $2.1 billion financing by multilateral lending agencies, export credit agencies and commercial banks for the first ever project financing in Madagascar.