Profil
August Bonacci represents sponsor and fund borrowers, institutional lenders and alternative capital providers in complex financings. He advises on a range of fund finance and back leverage matters, as well as leveraged finance matters.
August has played a key role in designing and executing some of the largest transactions in the private credit secondaries market, and his practice focuses on bespoke financings across private fund and corporate capital structures.
Concentrations
- Subscription facilities
- NAV/hybrid financings
- Continuation vehicles and secondaries transactions
- Leveraged finance
- Loan warehouses and co-lending frameworks
Expertise
Erfahrung
- Private credit sponsors in connection with continuation vehicle transactions:
- Crescent Capital on a $3.2 billion multi-asset continuation fund transaction involving a direct lending fund.°
- Benefit Street on a $2.3 billion multi-asset continuation fund transaction involving a portfolio of private credit assets.°
- Abry Partners on a $1.6 billion continuation fund transaction involving a credit portfolio of BSLs, middle market loans and public and private equity positions.°
- Private equity and credit sponsors and funds in fund finance matters, including:
- management company working capital lines.°
- subscription facilities.°
- NAV/hybrid financings.°
- Credit sponsors and business development companies in connection with loan warehouses, loan participations and club deals.°
- Leveraged finance and liability management
- Partners Group portfolio company Eyecare Partners, LLC, a leading national provider of clinically integrated eye care, in a liability management transaction that significantly enhanced the company’s liquidity, deleveraged its balance sheet, reduced annual debt interest expense, and extended debt maturities. The transaction included a $275 million new-money investment into a super senior debt tranche and an uptier exchange that captured significant debt discount.°
- Warburg portfolio company Consolidated Precision Products, a manufacturer of highly complex components for the commercial aerospace market, in connection with a complicated amend and extend transaction involving more than $1.3 billion in funded debt.°
- CURO Group Holdings Corp. (NYSE: CURO), in a liability management transaction that effectuated an uptier exchange of 68.2% or $682.3 million of its 7.5% second-lien notes into new 7.5% 1.5-lien notes and a contemporaneous $150 million new money first-lien term loan financing provided by noteholders that participated in the exchange.°
- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) in connection with amendments to its credit agreement with Fortress Credit Corp.°
- Various private equity sponsors and portfolio companies in connection with non-public liability management exercises in opportunistic and distressed situations.°
- Pro bono representation of Afghan national in asylum and adjustment of status matters.°
°The above representations were handled by Mr. Bonacci prior to his joining Greenberg Traurig, LLP.
- Legal Extern, Lumen Technologies, 2021
- Transactional Law Clerk, Salt Lake County District Attorney, 2021
- Judicial Extern, Hon. Kurt Odenwald, Missouri Court of Appeals, E.D., 2021
- Summer Legal Intern, Missouri Department of Health and Senior Services, Division of Cannabis Regulation, 2020
Anerkennung durch den Markt
- Member, Notre Dame Club of Utah
Ausbildung
Akademische Ausbildung
-
J.D., cum laude, Saint Louis University School of Law
- Faculty Fellow for Professor Alan Weinberger
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B.A., Program of Liberal Studies, University of Notre Dame
- Thesis: “Invitations to Map and Orders of Space in Dante’s Comedy”
Zulassung
- Utah
Sprache
- Englisch, Native
- Italienisch, Conversational