Rimini Street entered into a definitive agreement for a $90 million senior secured credit facility with Capital One, which is acting as sole lead arranger and bookrunner. The facility is structured as a five-year term loan.
As the healthcare sector continues to be an attractive arena for lenders, it’s important to remember that special care must be taken to close deals efficiently in this space. Stacy Hopkins of Paul Hastings urges lenders to perform specialized due diligence early in the loan lifecycle to ensure healthcare lending deals get done.
L Catterton entered into a definitive agreement to acquire a controlling interest in West Marine, an omnichannel platform in the marine aftermarket, from Monomoy Capital Partners. Barclays Bank, Golub Capital and Nomura provided committed debt financing to support the transaction.
Twin Brook Capital Partners provided debt financing for Chicago-based private equity firm May River Capital’s acquisition of PaperTech.
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.