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Nicholas I. Froio

Partner
+1.302.416.7071
Fax +1.302.416.7020
Nick Froio is a partner in the firm’s Wilmington office, and his practice concentrates on alternative entities and general commercial and financing transactions.

Mr. Froio focuses primarily on organizational, structural, operational, management and governance issues relating to alternative entities, such as statutory trusts, general and limited partnerships, limited liability companies and special purpose corporations. This includes their utilization in a wide range of domestic and cross-border structured finance transactions, securitizations, special purpose/bankruptcy remote structures, and other commercial transactions, including mergers and acquisitions, joint ventures, venture capital, private equity and hedge fund transactions, equipment and project financing transactions, leverage lease transactions, trust preferred securities transactions, aircraft financing transactions, collateralized loan obligations, structured settlement transactions, insurance premium financing transactions and life settlement transactions. He also provides advice in structuring and restructuring matters involving alternative entities.

Mr. Froio's practice also includes representing financial institutions, trust companies and service providers in all types of commercial and financing transactions. This includes their serving in various roles such as owner trustee, trustee, indenture trustee, collateral agent, custodian, escrow agent, securities intermediary, paying agent, servicer, back-up servicer, local manager and independent director.

Additionally, Mr. Froio frequently provides advice and third party legal opinions on issues relating to Delaware entities, the perfection of security interests under the Delaware Uniform Commercial Code and other matters of Delaware law.

Mr. Froio serves on the Delaware State Bar Association's Statutory Trust Committee, which is a small and prestigious committee responsible for drafting Delaware's renowned statutory trust statute.

Achievements

  • Named as a leading practitioner in Delaware in the Alternative Entities subcategory of Corporate/M&A in Chambers USA: America's Leading Lawyers for Business, one of the most respected legal rankings in the world.
  • Named in the 2016, 2017, and 2020 editions of The Best Lawyers in America, touted as the preeminent peer-review based referral guide to the legal profession in the United States.

Professional/Civic Activities

  • Delaware State Bar Association: Statutory Trust Committee, Corporation Law Section; Commercial Law Section
  • Delaware corporate, limited liability company, statutory trust and partnership advice to a major investment institution in connection with its corporate restructuring and corporate governance.
  • Delaware corporate, statutory trust, common law trust and limited liability company advice to a leading global aircraft leasing company in connection with numerous aircraft leasing and financing transactions, and in connection with its corporate restructuring and corporate governance.
  • Delaware corporate and limited liability company advice and opinions to a leading global paper manufacturer in connection with multiple financing, refinancing and monetization transactions.
  • Delaware statutory trust advice to various investment funds in connections with their formation and internal governance.
  • Delaware statutory trust advice to major financial institutions in connection with the formation and internal governance of titling trusts.
  • Delaware statutory trust advice to major investment institutions in connection with the formation and internal governance of liquidation trusts.
  • Delaware corporate, limited liability company and statutory trust advice to major financial institutions in connection with securitization transactions, asset-backed securities transactions and leveraged lease transactions, including auto loans and leases, credit cards, student loans, residential mortgages, home equity loans, equipment leases, and structured settlements.
  • Representation of two of the largest financial institutions in the U.S. in various different capacities, including indenture trustee, life insurance trustee, collateral agent and local manager in connection with numerous premium finance and life settlement transactions and securitizations.
  • Representation of one of the largest financial institutions in the U.S. in its capacity as owner trustee in connection with numerous aircraft leasing and financing transactions.
  • Representation of some of the largest financial institutions in the U.S. in various different capacities, including owner trustee, indenture trustee, collateral agent, custodian, paying agent, verification agent, and back-up servicer in connection with numerous securitization and asset-backed securities transactions, including auto loans and leases, student loans, residential mortgages, home equity loans, equipment leases, structured settlements, timeshare loans, and commercial loans.
  • Representation of some of the largest financial institutions in the U.S. in various different capacities, including owner trustee, indenture trustee, collateral agent, custodian and paying agent in connection with numerous project finance transactions.
  • Representation of some of the largest financial institutions in the U.S. in various different capacities, including owner trustee, indenture trustee, collateral agent, custodian, and paying agent in connection with numerous project financing transactions, including power plants and water treatment facilities.