Daily News: April 25, 2013

Paul Hastings Represents Credit Suisse in Dynegy Refi

Law firm Paul Hastings announced that the firm represented Credit Suisse Securities (USA) as lead arranger and Credit Suisse AG, Cayman Islands Branch as administrative agent in a $1.775 billion refinancing of Dynegy, a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.

The firm said it also represented Morgan Stanley Senior Funding, Barclays Bank PLC, Deutsche Bank Securities, J.P. Morgan Securities, Merrill Lynch, RBC Capital Markets, UBS Securities LLC, Union Bank and other banks as joint lead arrangers and joint bookrunners in the financing commitment.

The refinancing consists of a $500 million senior secured term loan facility, an $800 million senior secured term loan facility, and a $475 million senior secured revolving credit facility.

The firm said Leveraged Finance partners Michele Cohen and Michael Baker led the Paul Hastings team, which also included associates Shekhar Kumar and Valerie Silverman.

Previously on abfjournal.com:

Dynegy Closes $1.775B in New Credit Facilities, Wednesday, April 24, 2013