Daily News: March 7, 2013

Paul Hastings Advises on Financing in Berkshire Acquisition


Global law firm Paul Hastings announced that the firm represented UBS AG, Stamford Branch, as administrative agent in connection with both a $220 million term loan and a $100 million asset-based revolving credit facility.

It also represented UBS Securities and Barclays Bank as arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of SRS Holding Corporation, the parent company of roofing supply distributor SRS Distribution by Berkshire Partners.

The firm said leveraged finance partners Michele Cohen, Mario Ippolito and Michael Michetti led the Paul Hastings team, which also included associates Joseph Fastiggi, Valerie Silverman and Heidi Spalholz.