Daily News: June 30, 2014

Paul Hastings Represents UBS in World Triathlon Financing

Paul Hastings announced that the firm represented UBS AG, Stamford branch as administrative agent, lender and issuing bank and UBS Securities and Macquarie Capital as joint lead arrangers and joint bookrunners in connection with a recapitalization of World Triathlon Corporation, which owns and licenses the Ironman brand.

The financing consists of a $225 million term loan facility and a $20 million revolving credit facility.

Leveraged Finance partner Richard Farley led the Paul Hastings team, which also included of counsel Benjamin Cheng and associates Danny Choi and Molly Vaughan.

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