Cadwalader is representing BNP Paribas, the European Union's leading global bank, in its $5 billion strategic financing and capital markets collaboration with ATLAS SP Partners (ATLAS), the warehouse finance and securitized products business majority owned by Apollo (NYSE: APO) funds, announced today.
According to the official deal announcement, BNP Paribas will make a significant day one financing commitment of $5 billion which is expected to increase over time. The commitment supports investment-grade, asset-backed credit originated by Apollo and ATLAS, alongside a capital markets collaboration to support securitizations sourced by Apollo and ATLAS issuer clients. The deal includes one of the largest-ever bilateral financings for directly originated credit assets.
The Cadwalader team is led by Neil Weidner and includes partners Jeff Nagle, David Gingold, Robert Cannon, David Quirolo, Lisa Pauquette, Ira Schacter, Linda Swartz, Andrew Karp, Kathryn Borgeson, Jared Zajac and Patrick Yingling; senior counsel Maurine Bartlett; counsel Bilal Sayed; special counsel Andrea Nixon and Michael Lynch; and associates Evan Bloom and Madeleine Wood.