Charles Pesant | White & Case LLP International Law Firm, Global Law Practice
Charles Pesant
Charles Pesant

Charles Pesant

Partner, New York

T +1 212 819 8847

T +1 212 819 8200

E cpesant@whitecase.com

in LinkedIn profile

“The ‘very commercial’ Charles Pesant has ‘excellent technical skills’ and…represented PHH Corporation on the securitization elements of the $1.4bn sale of its fleet management service business to Element Financial.”

Legal 500, 2015

Overview

Charles Pesant is a partner in White & Case's structured finance practice. His practice is built around traditional, multi-platform and esoteric securitizations, leveraged investment funds and complex financing transactions. Charles has worked on numerous securitizations of diverse asset types, including commercial vehicle and equipment fleets, intellectual property, and other receivables securitizations. He is also integral to the firm's collateralized loan obligation (CLO) fund practice. Known for his client-friendly demeanor and notable work ethic, clients rely on Charles's in-depth approach to nuanced legal and regulatory issues as well as his broad market knowledge that extends beyond the boundaries of the traditional securitization industry.

Charles has represented some of the world's leading financial institutions including Element Financial Corporation, PHH Corporation, Morgan Stanley, GreensLedge, JPMorgan, as well as a variety of collateral manager and corporate clients, including Sankaty Advisors and Iconix Brand Group.

Bars and Courts

  • New York State Bar
  • New Jersey State Bar

Education

  • JD, University of Pennsylvania Law School
  • BA, University of Virginia

Languages

  • English

Experience

Esoteric/Multi-Issuance Representations of Note:
Element Financial Corporation

Ongoing representation of Element Financial Corporation (and prior representation of PHH Corporation) in connection with all matters relating to its US commercial fleet leasing ABS program, including regular term and variable funding note issuances, as well as representation of PHH Corporation in the 2014 sale of the program to Element Financial Corporation.

Implemented IP and licensing securitization program for Iconix

Representation of Iconix Brand Group, Inc., the public owner and licensor of well-known iconic brands, in all aspects of its securitization program of its intellectual property (IP) and licensing revenue. The securitization program was established in 2012 and ranked as "Stand-out" in the 2013 Financial Times US Innovative Lawyer awards.

Most recent activity in the CLO Market:

Avery Point VI CLO, Limited; US $516.5 Million Collateralized Loan Obligation Note Issuance (Morgan Stanley & Co. LLC as Initial Purchaser. Deal Closed: June 3, 2015)

Highbridge Loan Management 6-2015, Ltd.; US $519.75 Million Collateralized Loan Obligation Note Issuance (Morgan Stanley & Co. LLC as Initial Purchaser. Deal Closed: April 28, 2015.)

Sound Point CLO VIII, Ltd.; US $625 Million Collateralized Loan Obligation Note Issuance (Morgan Stanley & Co. LLC as Initial Purchaser. Deal Closed: March 30, 2015.)

GoldenTree Loan Opportunities XI; US$551.05 Million Collateralized Loan Obligation Note Issuance. (GreensLedge Capital Markets LLC as Placement Agent. Deal Closed: March 26, 2015)

Bowman Park CLO, Ltd; US$510 Million Collateralized Loan Obligation Note Issuance (JP Morgan Securities LLC as Placement Agent. Deal Closed: January 23, 2015)

Awards & Recognition

Legal 500 2015

"… White & Case LLP's three-partner team is 'excellent across the board' and displays 'superior knowledge' in transactions involving the securitization of esoteric assets, workout situations and CLOs. Underwriters and managers appreciate the firm's 'thoughtful approach' to CLO transactions which extends to 'thought leadership' on key regulatory changes impacting the sector." "The 'very commercial' Charles Pesant has 'excellent technical skills' and…represented PHH Corporation on the securitization elements of the $1.4bn sale of its fleet management service business to Element Financial."

Chambers 2015

"They're commercial, highly responsive, get the deal done on time and they're highly sensitive to any changes that might be needed from deal to deal." "They're absolutely outstanding both in their technical expertise and understanding of the commercial terms of transactions."

"Stand-Out" transaction, FT Innovative Lawyer Awards 2013

White & Case won a "Stand-out" ranking for its creative restructuring of Iconix's debt burden by the first securitization of an intellectual property portfolio.