Paul Hastings Represents RBC Capital Markets, BMO Capital Markets and Deutsche Bank Securities In $1.6 Billion Acquisition of 99 Cents Only Stores

January 13, 2012

New York, NY (January 13, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented the lead arrangers RBC Capital Markets and BMO Capital Markets in connection with the financing for the completion of Ares Management LLC and Canada Pension Plan Investment Boards $1.6 billion acquisition of 99 Cents Only Stores (NYSE: NDN).

The financing consisted of a $175 million ABL Facility, a $525 million first lien term facility and $250 million senior unsecured notes. In connection with the financing, the firm also represented RBC Capital Markets, LLC, BMO Capital Markets Corp. and Deutsche Bank Securities Inc. as initial purchasers on the high-yield bond offering.

Leveraged finance partners Michael Baker, Richard Farley, Michele Cohen and Mario Ippolito led the Paul Hastings team, which also included of counsel Randal Palach.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.