David Joyce is a member of White & Case's Banking Practice. David’s practice covers a broad range of finance matters, with a particular focus on domestic and international leveraged finance transactions, as well as on a variety of workout and restructurings.
Clients value his ability to steer complex and lengthy deals through to completion, and he has experience representing lenders, borrowers and sponsors from a wide range of industries, with a particular emphasis on the shipping and offshore industry.
David has represented lenders in connection with the restructurings/chapter 11 proceedings for Aleris International, General Maritime, Maritime Equity Partners, OSG, Primorsk, Seadrill, Torm, Trico Marine and Walter Energy. In the shipping and offshore industry, he has represented lenders in connection with financings for Atwood Oceanics, Chembulk Delphin, Diamond S, Gener8 (formerly General Maritime) Genco, Helix, NCL, OSG, Pacific Drilling, Petroserv, Scorpion Offshore, Scorpio Bulkers, Shelf Drilling, Todco, Transocean, Trico Marine and Veritable. On the borrower side, David has represented Carvel Investors, Excel Maritime and Stolt Nielson.
David is recognized in guides to the profession as a leading practitioner in the banking and finance field, including Chambers USA (2015). He has been with the Firm for over 30 years, and his international credentials are underlined by past residences in both the Warsaw and Istanbul offices.
TORM restructuring, 2012
David was one of the team leaders that advised the co-ordinating committee of secured lenders of TORM A/S in connection with the Company's completed successful restructuring. TORM, headquartered and listed in Copenhagen, is one of the world's largest overseas shipping companies in the produce tanker and dry bulk market. The complex cross-border transaction was comprised of a simultaneous financial and operational restructuring, and included significant issues under the laws of multiple jurisdictions. The clients benefited from an out-of-court resolution, which removed the risk, cost and delay of a court proceeding.
Calpine's $1.65 billion acquisition, 2010
David provided bank finance advice with relation to Calpine Corporation's $1.65 billion purchase of 4,490 megawatts (MW) of power generation assets from Pepco Holdings, Inc. (PHI). Calpine is a leading North American power company serving wholesale and industrial customers in the United States and Canada. It owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants.
Leading Lawyer: Banking & Finance - USA, Chambers USA 2014, Chambers Global 2014