Albert P. Pacelli

Albert P. Pacelli

Partner

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T(212) 554-7829

Albert Pacelli joined Moses & Singer as a partner after a more than fifteen year partnership in a global law firm, where he served as leader of its Bank Finance practice team and various global and domestic commercial bank client teams. 

Al represents global and national commercial and investment banks in connection with loans to commercial, financial, investment company, tax-exempt, and high-net worth individual borrowers, including cross-border loans insured or guaranteed, directly or indirectly, by various U.S. and foreign export credit agencies and development finance institutions, and multilateral investment banks.  Al’s engagements include single bank, club bank, and syndicated loans across a broad spectrum of credit transactions, including cash flow, leveraged, private equity, structured, and asset-based loans.  Al’s practice also includes letters of credit and liquidity facilities supporting tax-exempt bonds and various corporate trust matters.

Al has significant experience representing lenders in workouts of distressed credits, both outside of and within the bankruptcy context, including substantial experience with debtor-in-possession lending.

Al’s export agency finance experience includes representation of major global banks on structured credit facilities for corporate and financial institution borrowers in Africa, Asia, Europe, North America, and South America, which were supported by guarantees or insurance provided by agencies, development finance institutions, and multilateral investment banks, including Overseas Private Investment Corporation, Export-Import Bank of the United States, Export Development Canada, Coface (France), SACE (Italy), Hermes (Germany), EKF (Denmark), ERG (Switzerland), ECGD (U.K.), Inter-American Development Bank, and SEK (Sweden).  In Spring 2016, Al represented a major global bank as the arranger, facility agent, and lender in connection with a privatization-driven restructuring of a credit facility to a South American power company in which an OPIC non-honoring of sovereign guaranty insurance policy was converted into a direct guaranty of the obligations of the borrower, which was the first transaction ever of its kind.

Al is also a member of the firm’s Corporate Trust practice team.  Al represented the trustee in the creation, maintenance and wind-down of the world’s largest mortgaged-backed securities program from its inception in the mid-1990’s until its termination in 2007.  He has represented the largest and longest running municipal tax lien securitization program since its inception in 1996.  Al also represented one of the world’s largest global custodian banks in connection with the establishment of its global subcustody structure in approximately fifty countries.

Al has twenty-five years’ experience representing some of the largest global corporate trustees in connection with a broad range of fiduciary and agency capacities, including trusteeships, paying agencies, collateral agencies, custodianships, calculation agencies, and escrow agencies.  Al’s representations include asset-backed and other structured finance transactions, senior and subordinated and secured and unsecured bond issuances, and cash management and other transactions in which payment or collateral agency services are required.  Al’s experience also includes complex, multiple-credit structures, intercreditor arrangements, workouts, and statutory trusts.

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Biography

Albert Pacelli joined Moses & Singer as a partner after a more than fifteen year partnership in a global law firm, where he served as leader of its Bank Finance practice team and various global and domestic commercial bank client teams. 

Al represents global and national commercial and investment banks in connection with loans to commercial, financial, investment company, tax-exempt, and high-net worth individual borrowers, including cross-border loans insured or guaranteed, directly or indirectly, by various U.S. and foreign export credit agencies and development finance institutions, and multilateral investment banks.  Al’s engagements include single bank, club bank, and syndicated loans across a broad spectrum of credit transactions, including cash flow, leveraged, private equity, structured, and asset-based loans.  Al’s practice also includes letters of credit and liquidity facilities supporting tax-exempt bonds and various corporate trust matters.

Al has significant experience representing lenders in workouts of distressed credits, both outside of and within the bankruptcy context, including substantial experience with debtor-in-possession lending.

Al’s export agency finance experience includes representation of major global banks on structured credit facilities for corporate and financial institution borrowers in Africa, Asia, Europe, North America, and South America, which were supported by guarantees or insurance provided by agencies, development finance institutions, and multilateral investment banks, including Overseas Private Investment Corporation, Export-Import Bank of the United States, Export Development Canada, Coface (France), SACE (Italy), Hermes (Germany), EKF (Denmark), ERG (Switzerland), ECGD (U.K.), Inter-American Development Bank, and SEK (Sweden).  In Spring 2016, Al represented a major global bank as the arranger, facility agent, and lender in connection with a privatization-driven restructuring of a credit facility to a South American power company in which an OPIC non-honoring of sovereign guaranty insurance policy was converted into a direct guaranty of the obligations of the borrower, which was the first transaction ever of its kind.

Al is also a member of the firm’s Corporate Trust practice team.  Al represented the trustee in the creation, maintenance and wind-down of the world’s largest mortgaged-backed securities program from its inception in the mid-1990’s until its termination in 2007.  He has represented the largest and longest running municipal tax lien securitization program since its inception in 1996.  Al also represented one of the world’s largest global custodian banks in connection with the establishment of its global subcustody structure in approximately fifty countries.

Al has twenty-five years’ experience representing some of the largest global corporate trustees in connection with a broad range of fiduciary and agency capacities, including trusteeships, paying agencies, collateral agencies, custodianships, calculation agencies, and escrow agencies.  Al’s representations include asset-backed and other structured finance transactions, senior and subordinated and secured and unsecured bond issuances, and cash management and other transactions in which payment or collateral agency services are required.  Al’s experience also includes complex, multiple-credit structures, intercreditor arrangements, workouts, and statutory trusts.

Education
  • New York University School of Law (J.D.)
  • University of Pennsylvania (M.A., B.A.)