Tag Archives: Paul Weiss Rifkind Wharton & Garrison

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

CPPIB Credit Investments Provides $70MM Term Loan to David’s Bridal

David’s Bridal closed a $70 million term loan provided by CPPIB Credit Investments, a subsidiary of the Canada Pension Plan Investment Board. David’s Bridal will use the new term loan, which matures in 2024, to fund operations and for general corporate purposes.

Barclays, Deutsche Lead Debt Financing to Support KPS Acquisition

KPS Capital Partners signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business of Crown Holdings. Barclays and Deutsche Bank led debt financing to support the transaction.

Imperial Capital and Winter Harbor Advise SAExploration in Financial Restructuring

Investment banking company Imperial Capital and restructuring advisory firm Winter Harbor acted as financial advisors to SAExploration in the company’s Chapter 11 emergence and financial restructuring.

Apollo and Hudson Acquire Cardtronics in $2.3B Transaction

ATM owner and operator Cardtronics entered into a definitive agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital to be acquired for $35 per share in cash.

Wells and Pathlight Provide $1.5B Combined Facility for JCPenney in Chapter 11 Exit

Wells Fargo provided an ABL facility and Pathlight Capital provided a FILO facility for a total of $1.5 billion in financing for JCPenney after the company sold its retail and operating assets to Simon Property Group and Brookfield Asset Management to exit Chapter 11.

AlixPartners Serves as Restructuring Advisor to Oasis Petroleum in Chapter 11 Emergence

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which recently completed its financial restructuring and emerged from Chapter 11, successfully restructuring its balance sheet and reducing its prepetition debt by $1.8 billion.