Stanimir Kostov

Partner,

New York

Phone: +1 212 905 9127
Email: stan.kostov@alston.com

Stan pairs extensive financing experience with a practical, business-focused approach to help clients execute complex transactions. He represents banks, direct lenders, alternative capital providers, corporate borrowers, and private equity sponsors in structuring and negotiating their most sophisticated financing transactions.

Representing a leading private credit provider and a club of direct lenders in a $250 million term-loan facility and a $45 million revolving credit facility to finance the acquisition of a cybersecurity software company by a global technology-focused private equity sponsor.
Representing a global private credit investor, along with a small club of direct lenders, on providing acquisition financing consisting of a $90 million term loan and a $7.5 million revolving facility to a financial-services-focused private equity sponsor in its acquisition of a company engaged in providing cloud-based solutions to help pharmacies configure, automate, and manage their 340B contract programs.
Representing the administrative agent and a club of existing lenders in a $35 million supersenior term-loan facility extended to a waste management company owned by a global infrastructure and asset management firm as part of a “Serta” liability management transaction.
Representing a syndicate of direct lending funds on a $1 billion+ recurring revenue financing supporting an acquisition by a global technology-focused private equity sponsor. The target was a leading technology workforce development company that provides technical training, skills development, process improvement, analytics, and consulting services. Also represented the administrative agent and lenders on a $400 million incremental recurring revenue facility to finance the sponsor’s acquisition of another software company that is one of the leading cloud-based skills development platforms.
Representing a global private credit investor in a €155 million bilateral unitranche term-loan facility supporting the acquisition by a private equity firm of a leading provider of marine spare-parts logistics services. The cross-border financing contemplated collateral arrangements in the United States, England and Wales, the Netherlands, Norway, and Singapore.
Representing a sole private credit lender in a $90.5 million senior secured financing extended to an Asia-focused private equity firm in its acquisition of an education services, test preparation, and tutoring company.
Representing the administrative agent and lender in a $140 million incremental term-loan facility to finance the acquisition of a translation and language services company by a portfolio company owned by private equity investors.
Representing the administrative agent and a club of direct lenders in a $720 million unitranche term-loan facility and a $15 million revolving facility supporting the acquisition of an intelligent automation software company by a global technology-focused private equity sponsor. Also represented the lenders in later incremental amendments. The transaction was structured as a recurring revenue financing with an EBITDA covenant flip feature.
Representing a health-care-focused investment fund as sole lender in a $75 million senior secured cash interest-backed and royalty-backed financing to a pharmaceutical company.
Representing a lender in the acquisition by a private equity sponsor of a manufacturer of medical device components. The financing consisted of a $190 million term-loan facility, a $35 million revolving credit facility, and a $95 million delayed-draw term-loan facility.
Representing the lead left arranger and administrative agent, together with a club of private credit funds, in a $68 million incremental facility financing the acquisition of a customer engagement software company by a portfolio company of a global technology-focused private equity sponsor.
Representing the administrative agent in a $313.5 million senior secured facility used to finance the acquisition of three software companies by a global growth private equity firm.
Representing a private credit lender together with a club of lenders in (1) $585 million and €150 million term-loan facilities; (2) a $150 million delayed-draw term-loan facility; and (3) a $150 million revolving credit facility supporting a private equity firm’s $1.425 billion acquisition of an industrial fire safety business.
Representing the lead left arranger and administrative agent in financing for the partial acquisition by a global growth private equity firm of a leading integrated risk management software provider. Also represented the agent in incremental financing used to acquire an Australian provider of cloud-based governance, risk, and compliance software.
Representing the administrative agent, left lead arranger, and a group of private credit providers in two incremental amendment financing acquisitions of software companies by portfolio companies of a private investment firm focused on technology and software businesses.
Representing the administrative agent and syndicate of lenders in a $2.11 billion senior secured credit facility extended to a software company, consisting of (1) a $1.66 billion term-loan facility; (2) a $150 million revolving credit facility; and (3) a $300 million delayed-draw term-loan facility to refinance existing first-lien and second-lien debt.
Representing a private credit lender and a club of lenders in a $40 million incremental facility financing the acquisition of a software company by a global technology-focused private equity sponsor. The transaction was structured as a recurring revenue financing.
Representing a global private credit investor in numerous “shadow counsel” reviews of commitment papers and definitive loan documentation for financings in which the client was not serving as the left lead arranger.

Stanimir Kostov

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