MACCO Restructuring Group is serving as financial advisor to crypto lender CRED in the commencement of its Chapter 11 case in the United States Bankruptcy Court for the District of Delaware. CRED also added Grant Lyon to serve as chair of the restructuring committee.
Mount Street and Paul Hastings joined forces to create a streamlined, process driven service offering to replace LIBOR in existing CRE loan documentation.
Paul Hastings advised Flexi-Van Leasing as issuer in the private offering of $300 million of senior second lien notes and as borrower in a $185 million asset-based revolving facility.
Paul Hastings represented Nemak, a global independent manufacturer of high-tech, complex aluminum components for the automotive industry, in a $300 million term loan facility.
Paul Hastings announced that Scott Faga and Eugene Ferrer have joined the firm as structured finance partners in New York and Washington, DC.
Paul Hastings represented the conflicts committee of Crestwood Midstream Partners in the negotiation of a definitive agreement to merge Crestwood Midstream and Crestwood Equity Partners.
Paul Hastings represented Morgan Stanley Senior Funding and Barclays as lead arrangers on the financing for the acquisition of certain undivided ownership interests in Conemaugh coal-fired generating facilities.
Paul Hastings represented Jefferies Finance in connection with the financing of Bain Capital Partners’s acquisition of 50% of the membership interests in TOMS Shoes, including a $306.5 million term loan; and it represented BofA as administrative agent.
Paul Hastings said the firm advised WH Group Limited on its term loan facility provided by certain banks in the amount of $1.5 billion.