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Banking & Finance - Bank Lending/Credit Facilities

Paul Hastings Represents Wells Fargo Bank in Financing the Acquisition of Amquip Crane Rental LLC by Clearlake Capital Group

17 Oct 2014

Paul Hastings LLP represented Wells Fargo Bank, N.A., as agent, joint lead arranger, and joint book runner, in connection with the financing of the acquisition by Clearlake Capital Group, L.P. of Amquip Crane Rental LLC.  Amquip is a leading provider of manned and bare rental lifting solutions to the North American energy, industrial, and other end markets.  Financial terms of the transaction were not disclosed.

Finance partner Jennifer Yount led the Paul Hastings team, which also included of counsel Jennifer Hildebrandt and associate Lisa Tran.

Paul Hastings Represents Tall Oak Midstream in $100 Million Financing

17 Oct 2014

Paul Hastings LLP represented Tall Oak Midstream, LLC, an innovative midstream company, in securing a $100 million senior credit facility that may be expanded to $150 million.  The financing will be to support Tall Oak Midstream’s subsidiary, TOMPC, LLC and will assist in building-out and expanding its natural gas gathering and processing system in the Central Northern Oklahoma Woodford (CNOW) play.
 

Paul Hastings Represents Banks in Financing DPx Holdings B.V.’s Acquisition of Gallus BioPharmaceuticals

17 Oct 2014

Paul Hastings LLP represented UBS Securities LLC, J.P. Morgan Securities LLC, Jefferies Finance LLC, Keybank National Association and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners and UBS AG, Stamford Branch as administrative agent in connection with a $160 million and €70 million incremental add-on to DPx Holdings B.V.’s credit facility. The proceeds were used primarily for the purchase of Gallus BioPharmaceuticals, LLC, a contract manufacturing company involved in biologics development.

Debevoise Represents Spirit Airlines in Financing of 10 Airbus Aircraft

17 Oct 2014

Debevoise & Plimpton LLP is representing Spirit Airlines, Inc. in its private mortgage financings for up to $379 million with a syndicate of banks involving senior and junior loans for the purchase of seven new Airbus A320-200 aircraft and three new Airbus A321-200 aircraft. The aircraft are expected to be delivered between October 2014 and September 2015.

The Debevoise team is led by partner Paul D. Brusiloff and counsel Le V. Lam and includes partners John T. Curry and Robert J. Staffaroni and associates Grant M. Rauscher and Jaesuk Yoo.

Herbert Smith Freehills advises banks on A$500m syndicated loan facility

17 Oct 2014

Herbert Smith Freehills advised the syndicate of banks in relation to an unsecured A$500M syndicated facility agreement provided to Colonial First State Wholesale Geared Share Fund (the Fund). The syndicated facility was provided, in part, to refinance certain of the Fund’s existing bilateral financing arrangements.

The mandated lead arrangers and bookrunners (MLABs) were Australia and New Zealand Banking Group Limited and Commonwealth Bank of Australia.

Financial close was achieved on 15 October 2014.

Wragge Lawrence Graham & Co helps LDC hit the target on its £42 million management buy-out of Eley Group

16 Oct 2014

Wragge Lawrence Graham & Co's have advised LDC, the UK's leading regional mid-market private equity house, on its £42 million buy-out of Eley Group.

Midlands manufacturer Eley Group is the world's leading maker of .22LR rounds for the target shooting market which are used by Olympic-standard athletes at all major global tournaments.

Wragge Lawrence Graham & Co advised LDC on the terms of Eley Group's acquisition from Birmingham-headquartered global engineering business IMI plc, as well as on the negotiation of the bank facilities with HSBC.

Shearman & Sterling Advises Lenders on $750 Million Multi-currency Financing for Tiffany & Co.

16 Oct 2014

Shearman & Sterling advised Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Bank of New York Mellon, Mizuho Bank, Ltd and J.P. Morgan Securities LLC, as joint lead arrangers and joint bookrunners, in connection with a $750 million multi-currency financing, including a $375 million four-year credit facility and a $375 five-year credit facility, for Tiffany & Co.

Ashurst advises marketing holding PIA on the financing of the acquisition of SoQuero by Blue Summit

16 Oct 2014

Ashurst advised marketing holding Performance Interactive Alliance (PIA) on the financing of the acquisition of Frankfurt-based online marketing agency SoQuero GmbH (SoQuero) by marketing agency blueSummit Media (blueSummit). SoQuero was sold by Intershop Communications AG (Intershop) for an undisclosed consideration.

RadioShack enters agreement for refinancing with Standard General

16 Oct 2014

Jones Day is advising RadioShack Corporation in connection with its refinancing involving Standard General LP and certain other investors of RadioShack's senior secured asset based credit facility convertible into a majority of RadioShack's stock. In connection with the transaction, Standard General and other investors are providing $120 million to be used to cash collateralize letters of credit for RadioShack.

Macfarlanes advises RBS on acquisition facilities for Octopus

13 Oct 2014

Macfarlanes has advised The Royal Bank of Scotland plc in relation to new term and revolving acquisition facilities made available to certain companies in the Octopus group.

Part of the proceeds was used to finance the acquisition of real estate investment manager MedicX Group, from funds advised by Cabot Square Capital. MedicX Group is the administrator of the MedicX Fund that invests in primary healthcare properties.

The Macfarlanes team was led by banking and finance partner Andrew Perkins.