left-caret
Image: Matt Nemeth

Matt Nemeth

Partner, Corporate Department

Overview

Matthew Nemeth is a partner in the Asset-Backed Finance practice at Paul Hastings and is based in the New York office. Nemeth advises asset managers, sponsors, issuers, investors, lenders, underwriters, placement agents, collateral managers and advisors in all aspects of asset-backed financing transactions. He has experience in the acquisition, sale and financing of a wide range of asset types, both in the U.S. and abroad, including secured and unsecured consumer loans, small business loans, commercial loans, trade receivables, solar assets, oil and natural gas assets, music and other intellectual property assets, auto and equipment loans and leases, rental car fleets, insurance broker and administrator fees, commercial real estate and related leases, and equity interests in funds and other legal entities, as well as residual interests in securitizations.

Recognitions

  • Ranked by Chambers (USA - Nationwide) for Securitization: ABS (2024)
  • Recognized as a “Rising Star” Lawyer for Structured Finance and Securitization in the U.S. by IFLR1000

Education

  • Columbia Law School, J.D., 2015, Harlan Fiske Stone Scholar, Articles Editor, Columbia Business Law Review
  • University of Chicago, B.A. with honors, 2011

Representations

Asset Backed Finance and Related Advisory:

  • Apollo, as lender and structuring agent, in a $4 billion rental car ABS facility for The Hertz Corporation to fund Hertz's acquisition of new fleet vehicles during the pendency of, and following its emergence from, chapter 11 bankruptcy proceedings
  • ATLAS SP, as sole structuring agent and initial purchaser, and Piper Sandler & Co., as initial purchaser, in an inaugural $223 million issuance of 144A/Reg S ABS notes sponsored by ClickLease LLC, secured by equipment and related leases
  • ATLAS SP as structuring agent, administrative agent and lender on various asset-backed warehouse facilities and 144a securitizations 
  • Blackstone in connection with the purchase and financing of a $1.1 billion portfolio of credit card receivables from Barclays
  • Blackstone in connection with multiple direct lending-backed securitization facilities for Blackstone’s institutional and insurance clients
  • Blackstone in connection with various consumer related forward flow origination partnerships and the financing thereof
  • Blackstone in a term loan facility secured by aircraft loans
  • Carlyle in a $450 million forward flow agreement (and related financing) for the purchase of newly issued residential solar loans originated by Sungage Financial
  • Carlyle in connection with the purchase and financing of a portfolio of manufactured home loans
  • CFG Partners, then a subsidiary of Irving Place Capital, in a $207 million ABS bond offering backed by personal consumer loans across multiple jurisdictions in the Caribbean - the first-ever multijurisdictional securitization of personal consumer loans and CFG's first-ever securitization - shortlisted for "Structured Finance and Securitization Deal of the Year" at the 2018 IFLR Americas Awards
  • CFG Partners, which had been recently acquired by an investor group led by Bay Boston Managers, on a $222 million ABS bond offering backed by personal consumer loans across multiple jurisdictions
  • CFG Partners, LP in its $186 million ABS bond offering backed by personal consumer loans across multiple jurisdictions
  • Credit Suisse, as lender and structuring agent, in an asset-backed financing to support the acquisition by a KKR-led consortium of a $1.1 billion music portfolio that includes more than 62,000 copyrights
  • Credit Suisse and Wells Fargo, as joint lead bookrunners, in several ABS bond offerings backed by large loan receivables by Regional Management Corp
  • Credit Suisse, as lender and administrative agent, in the establishment of a $100 million asset-backed warehouse facility for Fair Financial Corp. backed by short term auto leases
  • Credit Suisse, as administrative agent and a lender, in an asset-backed warehouse facility to finance the purchase of personal loans originated by Regional Management Corp
  • Credit Suisse, as administrative agent and lender, in an up to $246 million asset-backed revolving loan secured by a revolving pool of automobile leases for an auto leasing company
  • Credit Suisse, as administrative agent and lender, in the establishment of a $100 million auto loan securitization warehouse facility for a specialty finance lender
  • Goldman Sachs, as agent and lender, in connection with a $175 million securitization warehouse facility for Sunnova AP6 Warehouse II, LLC, a special purpose subsidiary of Sunnova Energy Corporation
  • Greensledge, as placement agent, with respect to a repackaging transaction of equity interests
  • Guggenheim Securities, as co-placement agent and lead structuring agent, and Morgan Stanley, as co-placement agent, in a $220 million 4(a)(2) issuance of privately placed notes backed by certain mineral interests and non-operated working interests in oil and natural gas assets
  • Guggenheim Securities, as underwriter and placement agent, in a $750 million issuance of ABS 144A/Reg S and privately placed notes by Jonah Energy ABS I LLC, secured by proved, developed, and producing (PDP) oil and gas assets
  • Guggenheim Securities, as sole placement and structuring agent, in a $200 million 4(a)(2) re-securitization by PureWest Funding Il l LLC of new securities issued by two existing SPV subsidiaries of PureWest Energy, LLC under their previous PDP Oil & Gas Securitization platforms, in connection with their $1.84 billion acquisition, in what was the first-known issuance of additional securities out of existing Oil & Gas securitization programs, the first known re-securitization of Oil & Gas ABS, and the first energy securitization placed within a M&A process
  • Guggenheim Securities, as placement agent, in a Section 4(a)(2) ABS private placement refinancing by Raisa Funding I, LLC, a special purpose affiliate of Raisa Energy LLC, in the first rated securitization of oil and gas wells to utilize a master trust structure and the first to achieve at single 'A' investment-grade rating
  • Guggenheim Securities, as initial purchaser and placement agent, in a $600 million issuance of 144A/Reg S and privately placed notes by PureWest Funding LLC, in what was the first-ever 144A securitization of upstream oil and natural gas assets, and in a $365 million issuance of 144A/Reg S and privately placed notes by PureWest Funding II LLC, in each case, that are backed by certain producing natural gas assets of PureWest Energy, LLC
  • Guggenheim Securities, as placement agent, in issuance of privately placed notes by Evergreen Natural Resources Fundco LLC backed by certain producing oil and natural gas assets of Evergreen Natural Resources LLC
  • Guggenheim Securities, as placement agent, in issuance of privately placed notes by Riverside Energy Michigan ABS I LLC backed by certain producing oil and natural gas assets of Riverside Energy Michigan, LLC
  • Guggenheim Securities, as placement agent, in a $150 million Section 4(a)(2) ABS private placement by an independent oil and gas producer, the first securitization of overriding royalty interests, as well as other interests, in operated and non-operated upstream proved-developed assets, achieving an investment-grade rating from Fitch
  • Guggenheim Securities, as placement agent, in issuance of privately placed notes by Bedrock ABS I LLC backed by certain producing oil and natural gas assets
  • Guggenheim Securities, as placement agent, in a Section 4(a)(2) ABS private placement bond offering by HRR Funding LLC, a special purpose affiliate of High River Resources, LLC in a transaction that includes an overriding royalty interest rather than a more traditional asset transfer
  • Guggenheim Securities, as structuring advisor and lead initial purchaser, in Greenspoint Capital LLC's $425 million ABS bond offering backed by insurance broker commissions
  • Guggenheim Securities, as structuring advisor and lead initial purchaser, in Lombard International Administration Services Company, LLC's
  • Guggenheim Securities, as structuring advisor and join-lead bookrunner, in Lombard International Administration Services Company, LLC's $300 million ABS bond offering backed by insurance administration fees - Lombard's first securitization of insurance administration fees and the first securitization of its kind
  • Hertz and its subsidiaries in multiple securitizations of its HVF II rental car business
  • Purchasing Power, LLC, as sponsor, in its $200 million issuance of 144A asset-backed notes backed by retail intallment sales contracts and related payroll deductions by Purchasing Power Funding 2024-A, LLC
  • SCF Realty Capital, as sponsor, in its first securitization of commercial real estate properties and triple-net leases and a subsequent follow-on offering, including the establishment of a Section 1031 Like Kind Exchange program
  • Service Properties Trust, as sponsor, in its first $610.2 million issuance of 144A/Reg S asset-backed mortgage notes backed by commercial real estate properties and triple-net leases by SVC ABS LLC

M&A Related: 

  • Blackstone Tactical Opportunities and Blackstone Infrastructure Partners in the acquisition of Hotwire Communications
  • F.A.B. Partners LP (n/k/a Centricus) in its $333 million take-private of CIFC LLC
  • SoftBank Group Corp. in its $3.3 billion acquisition of Fortress Investment Group LLC
  • Willis Towers Watson PLC in its $1.3 billion acquisition of TRANZACT
  • Brookfield on CLO related matters in its approximately $4.8 billion acquisition of a 61.2% stake in Oaktree Capital Group, LLC

Matters may have been handled prior to joining Paul Hastings.

Practice Areas

Corporate

Structured Credit

Asset-Backed Finance


Languages

English


Admissions

New York Bar


Education

Columbia Law School, J.D. 2015

The University of Chicago, B.A. 2011