Gillespie, Thomas E.

Current Employment Position(s)

Of Counsel

Lawyer Overview

Tom Gillespie has more than 30 years of experience practicing in New York, London, and Dallas, representing lenders and borrowers in a wide variety of complex domestic and international financial transactions. His experience includes secured and unsecured syndicated credit and competitive bid facilities; multicurrency, project, acquisition, equipment, lease, and leveraged lease financings; asset-based lending; loan workouts; DIP financings; and financial restructurings.

A significant portion of Tom's practice focuses on the energy, health care, and transportation industries. He has been extensively involved in matters relating to airlines and aviation, including ownership structuring, purchase, sale, and financing of commercial and corporate aircraft; airline bankruptcies; and dealing with distressed aviation assets.

Companies Tom has advised include Ambac, Bank of America, Cardinal Health, CIT, Comerica, Dow Corning, El Paso, FirstEnergy, Flyi/Independence Air, GE Capital, JPMorgan Chase, Key Bank, LUKOIL, Morgan Stanley, PNC/National City, Potash, Quicksilver Resources, Sabre, Sukhoi, and Toyota.

Tom oversees Jones Day's Banking & Finance Practice in Texas. He is past co-editor and contributing author of The Commercial Finance Guide. For 12 years, he served as co-director and speaker for the Institute on Commercial Lending sponsored by the Southern Methodist University School of Law. He has organized and delivered programs on loan and collateral documentation as well as leasing and leveraged leasing as part of in-house credit training programs for banks and financial institutions. He also speaks frequently on the ownership and operation of corporate jet aircraft, including FAA, IRS, and SEC regulatory issues.

Areas of Practice

• Banking & Finance
• Business Restructuring & Reorganization
• Energy
• Lending
• Securitization
• Restructuring-Related Lending & Finance
• Airlines & Aviation
• Financial Services

Representative Cases

• Alcan Aluminum issues notes and commercial paper to partially fund Pechiney acquisition
• Ambac Assurance closes pass-through certificate issuance
• Ambac Assurance provides insurance for $157 million Trinity securitization
• Ambac Assurance provides insurance in Trinity Industry securitization
• AON Fiduciary Counselors advises Northwest Airlines in stock contributions , (2009)
• Astor Street Management purchases aircraft , (2009)
• Bank of America bids for eight commercial aircraft on lease to distressed airlines , (2009)
• Bank of America bids for three commercial aircraft on lease to Northwest Airlines , (2009)
• Bank of America bids for twelve commercial aircraft on lease to Delta Air Lines , (2009)
• Bank of America bids on Mexican airlines in privatization , (2009)
• Bankers Trust provides leveraged lease financing for SimuFlight Training International , (2009)
• Bay Harbour Management acquires Aladdin Gaming for $510 million
• Burlington Resources evaluates proposed synthetic sale-leaseback of corporate jet , (2009)
• Cardinal Health structures ownership of aircraft fleet , (2009)
• CIT Group provides financing
• Commzerbank provides financing for purchase of aircraft , (2009)
• DDR acquires 107 shopping centers from Benderson Development for $2.3 billion , (2009)
• Dow Corning leases aircraft to Delta AirElite , (2009)
• Dow Corning purchases and leases two Challenger 604 aircraft , (2009)
• Duchossois Industries completes sale of Bell helicopter , (2009)
• Edge Investment and Vista Realty purchase corporate aircraft , (2009)
• EDS Financial finances purchase of federal tax benefits for ownership of aircraft , (2009)
• El Paso restructures eight existing credit facilities and obtains new $3 billion facility
• Experian Information Solutions prepurchases corporate jet time , (2009)
• Fidelity Funding obtains aircraft acquisition loan , (2009)
• First Interstate Bank provides aircraft finance facility to Mesa Airlines , (2009)
• First Interstate Bank provides credit facilities to Kitty Hawk , (2009)
• FLYi Inc. and Independence Air file for bankruptcy with $455 million in debt , (2009)
• GE Capital leases Fokker F-28 Mk 4000 aircraft , (2009)
• GE Capital acquires eight Boeing 747 aircraft , (2009)
• GE Capital provides financing for Boeing aircraft , (2009)
• GE Capital provides lease financing of five aircraft , (2009)
• GE Capital provides lease financing to American Airlines for aircraft , (2009)
• GE Capital provides lease financing to Golden West Airlines for aircraft , (2009)
• GE Capital provides lease financing to Mississippi Valley Airlines for aircraft , (2009)
• GE Capital provides lease financing to Swift Aire Lines for aircraft , (2009)
• GE Capital provides lease financing to TransWorld Airlines for aircraft , (2009)
• Harris Corporation purchases fractional share of aircraft , (2009)
• Interstate Hotels and Northridge Aviation purchase aircraft ownership interests , (2009)
• Japan Investor Partnership acquires commercial aircraft , (2009)
• Louisiana-Pacific announces debt tender offer
• LUK-Avia purchases aircraft from Boeing , (2009)
• Micron Technology purchases aircraft , (2009)
• Morgan Stanley acquires 49% interest in Crescent Resources, a subsidiary of Duke Energy Corporation
• MSREF finances acquisitions of hotels
• NACCO purchases corporate jet aircraft , (2009)
• NACCO restructures dry lease aircraft exchange program , (2009)
• National City Bank restructuring Delta leases , (2009)
• National City completes $925 million amendment to OM Group credit facility
• National City leases aircraft to Aloha Airlines , (2009)
• National City leases aircraft to Comair , (2009)
• National City leases aircraft to Northwest Airlines , (2009)
• National City provides $600 million loan facility to First Franklin
• NationsBank provides financing for aircraft , (2009)
• Novelis obtains $1.8 billion credit facilities
• Oil purchasing company finances oil pipeline acquisition
• Patriot American signs Charter agreement for corporate jet , (2009)
• PHNS obtains $110 million credit facility and issues notes
• Pillowtex obtains exit financing
• Pillowtex purchases aircraft , (2009)
• Potash Corporation purchases aircraft , (2009)
• ProLiance Energy acquires 25% interest in Liberty Gas Storage from Sempra Energy
• Provider HealthNet obtains $40 million credit facility
• Quicksilver obtains $600 million credit facility and restructuring existing facility , (2009)
• Sabre receives synthetic lease financing for new corporate headquarters in Southlake, Texas
• SKM provides credit facility to Builders Trade Corporation
• Swissair co-leases Boeing aircrafts , (2009)
• Toyota restructures aircraft operations , (2009)
• Transamerica Business Credit purchases Airbus aircraft , (2009)
• Transamerica Business Credit purchases two Boeing 727 freighter aircraft from Fleet Capital , (2009)
• Transamerica Business recovers claim in full , (2009)
• Triad Hospitals restructures operation of corporate jet aircraft , (2009)
• True Oil Company finances acquisition of oil pipeline
• Washington Mutual inks image-based technology outsourcing contract

West Practice Categories

Banking & Finance Law, Business & Commercial Law, Business Organizations, Commercial Banks, Commercial Leasing, Credit Unions, Debtor/Creditor, International Banking, Lending & Secured Transactions, Loan Workouts, Mortgages & Foreclosures, Public Finance, Reorganizations, Savings & Thrifts, State & Municipal Bonds & Financing, Venture Capital

Bar Admissions

• New York
• Texas

Education

• Harvard University
• Cal State - Sacramento
• Cornell University

Published Works

• Europe's Unwelcome Scheme to Make Aviation Go Green, Jones Day Airlines and Aviation News Blast, 2008
• Recent FAA Action Changes Part 135 Landscape, 2007
• Cape Town Convention Changes Rules of Aircraft Purchase and Finance, 2006
• Financing Healthcare Receivables, Quarterly Report, Conference on Consumer Finance Law, 1996
• International Project Financing, coauthor, NAFTA and Beyond - A New Framework for Doing Business in the Americas, Martinus Nijhoff Publishers, Chapter 7, 1995
• Commercial Finance Guide, coeditor, Matthew Bender & Company, Inc., 1991
• Equipment Leasing, Commercial Finance Guide, Matthew Bender & Company, Inc., Chapter 4, 1991
• Rolling Stock, Commercial Finance Guide, Matthew Bender & Company, Inc., Chapter 10, 1991

Address

2727 North Harwood Street
Dallas, TX 75201-1515

Phones

1.214.969.5076 (Business Phone)

Faxes

1.214.969.5100 (Business Fax)

Emails

Contact Us (Business Email)

Websites

http://www.jonesday.com