Trinseo, a specialty material solutions provider, obtained $1.077 billion in aggregate principal amount of secured term loan financing arranged by Angelo, Gordon & Co and Oaktree Capital Management, with funds managed by Angelo Gordon, Oaktree and Apollo Global Management as lenders.
Barnes & Noble Education entered into a refinancing agreement with its financial stakeholders. According to an 8K filed with the SEC, Bank of America is serving as administrative agent and collateral agent for the lenders of the company’s amended credit agreement.
CVC Credit closed CVC CLO Equity III at its hard cap with $800 million of commitments. Across its period of deployment, this equity fund is intended to support more than $10 billion of global CLO issuance for CVC Credit’s performing credit platform.
An investor consortium led by Symphony Technology Group completed the acquisition of Momentive, the maker of SurveyMonkey, in a transaction valued at approximately $1.5 billion. Silver Point acted provided committed debt financing in support of the acquisition.
Priority Power Management refinanced its existing debt and increased its credit facility from $85 million to $250 million. Priority Power Management executed the new five-year credit agreement comprising a $150 million revolving credit facility, $50 million term loan and $50 million revolver accordion.
Paul Hastings added a prestigious team from Latham & Watkins. Mo Nurmohamed, Ross Anderson, Karan Chopra and Rob Davidson all joined the firm as partners in Paul Hastings’ global finance practice.
Tom Cartwright joined Paul Hastings as a partner based in London. Cartwright advises private equity sponsors, sovereign wealth funds and family offices on private equity investments and M&A transactions.
Eduardo Gallardo joined Paul Hastings as global co-chair of mergers and acquisitions, where he will focus on advising clients on mergers and acquisitions, takeover defense, shareholder activism, corporate governance and other corporate matters.
Paul Hastings added a high-profile team specializing in the representation of banks, non-bank financial institutions, fintechs, and other companies providing financial products and services.
TPC Group, a provider of products to chemical and petroleum-based companies, voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.