- Represented the lead lender of the $1.15 billion Tranche C Facility as part of the up-to-$2.45 billion Super-Priority Debtor-in-Possession Term Loan Agreement for the benefit of a South American airline and its affiliated debtors. The transaction was named “Banking & Finance Deal of the Year” by Latin Lawyer.
- Represented a private credit fund and its affiliates, as arranger, agent, and lender, in a $62.2 million senior secured unitranche financing for a leading provider of aerospace and defense testing and measurement equipment, including the financing of a platform acquisition of two competitors through delayed-draw term loan facilities.
- Represented a credit opportunity fund and its affiliate, as the borrower, in a $140 million bankruptcy remote asset based syndicated credit facility to finance the purchase by the fund of a portfolio of distressed bank loans.
- Represented a private credit fund and its affiliates, as the arranger, agent, and lender, of $37 million in senior secured credit facilities for a holder of franchisees of hair salon brands, including to finance any add-on acquisitions.
- Represented a global manufacturer and distributor of flooring materials as the borrower in $1.8 billion of revolving credit facilities, as the borrower in a $500 million delayed-draw term loan, as the issuer in $500 million of senior notes, and as the issuer in €800 million of senior notes.
- Represented a leading global technology conglomerate in the acquisition and restructuring by a digital technology company through a tender offer to acquire the publicly listed equity securities, a restructuring of the existing senior credit facility, and the implementation of a multijurisdictional asset-based credit facility. The transaction was named “Out-of-Court Restructuring of the Year ($100MM or More)” by The M&A Advisor.
- Represented a publicly listed business development company (BDC), as arranger and lender, in a $77.5 million second-lien term loan facility for the acquisition by a private equity sponsor of a global software development company in the internet security space.
- Represented a leading business development company (BDC) in the structuring, negotiation, and documentation of a $47 million secured term loan to a U.S.-based private equity firm with a portfolio of 13 asset managers in the acquisition of additional interests in existing asset managers and the simultaneous creation of a joint venture with a publicly traded, Australia-based asset manager. The transaction was named “Cross-Border Deal of the Year ($100MM-$250MM)” by The M&A Advisor.
- Represented a global manufacturer and distributor of paper-based products and its subsidiaries as borrowers/guarantors in $700 million in senior secured syndicated credit facilities and as issuer/guarantors in $350 million in senior unsecured notes.
Partner,
- Phone: 212.210.9492
- Email: paul.hespel@alston.com
Paul has a deep understanding of corporate finance and restructuring engagements, with core competencies in transactional finance and private credit matters. Clients value his hands-on, commercial approach.