Sheel Patel joined King & Spalding as a partner in the firm’s corporate, finance and investments practice group in its New York office. Patel has more than a decade of experience working on complex commercial financing transactions across diverse industries.
King & Spalding added David Ridenour, a structured finance and securitization partner, to its corporate, finance and investments practice group in Washington, D.C.
Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.
Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. KKR led the debt financing for the acquisition and will participate as a co-investor.
APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.
Just because a company files for bankruptcy doesn’t mean they can’t be a source of new business. Scott Greer, Matthew Warren and Jacob Jumbeck of King & Spalding explain what lenders should focus on when determining how to proceed with such debtors, using McDermott International’s recent Chapter 11 filing as an example.
King & Spalding named 21 new partners across seven offices: Atlanta, Houston, London, Los Angeles, New York, San Francisco and Washington, D.C.
Bernhardt Nadell joined law firm King & Spalding as a partner in the Corporate, Finance and Investments practice group in the New York office.
King & Spalding has added transportation finance lawyer Jason P. Huff to the firm’s Charlotte office as a partner with the finance practice.