Daily News: April 11, 2013

Paul Hastings Represents UBS ABL for Hostess Assets Sale

Paul Hastings announced that the firm represented UBS AG as administrative agent, joint lead arranger and joint bookrunner in a $60 million ABL credit agreement in connection with the financing of Apollo Global Management and C. Dean Metropoulos & Co.’s purchase of certain assets related to the manufacturing and distribution of snack products from Hostess Brands.

The total financing also included a term loan of $450 million, in which Credit Suisse was the lead agent.

Leveraged Finance partners Richard Farley and Mario Ippolito led the Paul Hastings team, which also included associates Melissa Muscat, Joseph Fastiggi and Felicia Yen.