Lucien D. White

Lucien D. White

Of Counsel
About

Lucien White is an aircraft and other transportation equipment transactional and structured-finance professional with extensive experience in advising clients in multi-jurisdiction commercial and corporate aircraft acquisition and financing transactions, and in designing and executing complex, bespoke rated structured finance and secured loan transactions involving numerous asset classes, including aircraft, rail cars, ships and other transportation equipment, whole loans, commercial and residential mortgage loans, satellite transponders, high-yield bonds, tobacco fee settlements and escrow funds, and opioid settlement legal fee payment obligations in challenging, multi-party settings. In particular, Lucien has significant experience in the offering and sale of commercial mortgage-backed securities (CMBS).

Lucien has represented multiple US and non-US commercial airlines, purchasers, borrowers and lenders in commercial and corporate aircraft transactions (involving both FAA registered aircraft and foreign registered aircraft), has represented investment banks as placement agents, lenders, borrowers, originators, credit enhancers and collateral managers in several billion dollars of US-based, offshore, cross-border and leveraged lease transactions, and has represented bankruptcy trustees in Chapter 7 and Chapter 11 airline bankruptcies.

He has substantial experience in financing transactions using off-shore special-purpose vehicles as well as EETC, EXIM Bank, SACE and JOLCO commercial aircraft financing transactions, PDP aircraft financing transactions, and aircraft lease financing transactions structured to obtain bonus depreciation for lessors (including sale-leaseback transactions).

Bar admissionsNew York

EXPERIENCE

Representative Aircraft and Other Transportation Equipment Transactions
  • Representation of non-US commercial airlines in delivery of Boeing aircraft (including Washington State tax exemption analysis and legal opinions)
  • Representation of a well-known aircraft management company in the development, formation and launch of its corporate and commercial aircraft lending platform
  • Representation of two aircraft OEM start-ups in the preparation of their standard aircraft purchase and sale agreements
  • Representation of a private corporate aircraft charter company in its restructuring
  • Representation of sponsor in multi-equipment, tri-party leveraged lease transaction involving 38 separate transportation equipment pools
  • Representation of a publicly traded helicopter manufacturing and operating company in the leveraged acquisition of a privately-held helicopter company
  • Representation of a commercial aircraft engine manufacturer in a US$180 million tri-party aircraft engine purchase/financing transaction involving a major US airline and major European aircraft manufacturer
  • Representation of the purchaser in a leveraged acquisition of several DC10-30CF aircraft
  • Representation of a foreign air carrier in a series of Ex-Im Bank backed bank financed acquisitions with capital markets take outs
  • Representation of an Italian bank in a SACE-backed financing of aircraft acquisitions
  • Representation of helicopter service company in its Chapter 11 bankruptcy restructuring and exit
  • Representation of the Chapter 7 bankruptcy trustee in the bankruptcy of a luxury private jet hire company based in the United Sates and Singapore
Representative Non-Transportation Equipment Transactions
  • Representation of a top-tier investment bank in the sale of a US$250 million+ pool of performing and non-performing first-lien residential mortgages
  • Representation of a top-tier investment bank as placement agent in the first two rated securitizations of a unique class of cash-flowing assets
  • Representation of the sponsor in a series of structured repackaging transactions involving RMBS, CMBS and other asset classes (with an initial issuance of US$690 million) that elevated DLA Piper to the top ten in Asset-Backed Alert's League Tables for underwriter counsel of US ABS/MBS in 2008
  • Representation of sponsor in US$53 million+ investment grate rated securitization of a unique class of cash-flowing assets
  • Representation of multiple secondary-market residential mortgage loan purchasers in leveraged purchases of mid-sized pools of residential first- and second-lien mortgage loans, including one transaction involving the securitization of a pool via an offshore entity
  • Representation of the originator in a US$2.7 billion rated multi-party CDO/SIV hybrid that included US$2.4 billion in pari passu RMBS repurchase facilities at the top of the capital structure with three major investment banks
  • Representation of the sponsor in a US$350 million rated real estate securitization in Dubai under a Sharia-compliant structure, one of the first rated securitizations in the Middle East
Education
  • J.D., Columbia University School of Law
  • B.S.E., Princeton University
    Managing News Board Member and Assistant Sports Editor, The Daily Princetonian

Bylines

  • Co-author, "Residential Mortgage Covered Bonds in the US: Will They Ever Get Off the Ground?" International Securitization & Finance Report, Vol. 14, No. 2, January 31, 2011

Seminars

  • Panelist, "Does your client have a validly perfected security interest?" DLA Piper, October 18, 2023

Memberships And Affiliations

  • US Opinions Committee Member and Designated Opinion Letter Reviewer, DLA Piper