Paul Hastings Represents Barclays and Other Lead Arrangers in Financing of GTCR’s Investment in Vivid Seats

June 12, 2017

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Barclays as agent and lead arranger and the other lead arrangers in connection with the first lien financing of GTCR’s strategic investment in Vivid Seats LLC. Vivid Seats is the largest independent full-service secondary ticket marketplace for live sports, concerts and theater events.

Barclays and the other lead arrangers will arrange a $525 million covenant-lite first-lien term loan and a $50 million revolving credit facility due 2022. The transaction is expected to close in the second quarter of 2017.

Leveraged Finance partners John Cobb and Michael Baker led the Paul Hastings team, along with of counsel Marisa Sotomayor and associates Katherine Forer, Molly Vaughan and Soufi Mirfakhraei.

The Paul Hastings Leveraged Finance team consists of more than 100 lawyers focusing on key markets across Asia, Europe, Latin America, and the U.S. Our lawyers advise many of the largest and most sophisticated financial institutions around the world. Paul Hastings is among a small number of firms that can be relied upon to handle complex deals involving numerous parties. The Leveraged Finance team recently advised on several high-profile deals, including the US$2.4 billion financing for MacDonald, Dettwiler and Associates’ acquisition of DigitalGlobe Inc., the US$5.1 billion financing for Bass Pro Shops’ acquisition of Cabela’s Incorporated, the US$1.9 billion financing for Gulf Oil and the US$442.5 million first lien credit facility for XIO Group’s acquisition of J.D. Power and Associates.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.