New York, NY
(December 02, 2011) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as lead arranger and administrative agent for the senior financing of GTCRs $390 million acquisition of Fundtech Ltd. (NASDAQ: FNDT), a leading provider of banking software and services to global financial institutions.
The senior financing consists of a $200 million term loan facility and a $25 million revolving credit facility. A group of financial institutions provided $50 million in mezzanine subordinated notes.
Leveraged Finance partner Michael Baker
led the Paul Hastings team, which also included Leveraged Finance partner Michele Cohen
and associates Marc Bacigalupo
and Ryan Russell
. 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.