Barclays Provides Financing for Mattress Firm Credit Facility

December 26, 2017

Orange County and New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC, as administrative agent, sole book runner and sole lead arranger, with respect to a $75 million senior secured asset-based revolving credit facility, which may be upsized pursuant to an uncommitted incremental availability feature to a total aggregate principal amount of $225 million, for Mattress Firm, Inc., America’s largest specialty mattress retailer.

Finance partners Katherine Bell and John Cobb led the Paul Hastings team, which also included partner Andrew Tenzer, of counsel Sung Ho Choi and associates Molly Vaughan and Matthew Bartlett.

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. The Leveraged Finance team recently advised on the financings for several high-profile deals, including the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; the $4.75 billion financing for Bass Pro Group, LLC’s acquisition of Cabela’s Incorporated; the $907 million financing for Compass Power Generation, L.L.C., a portfolio company of Starwood Energy Group Global, LLC; ; the $2 billion refinancing for Gardner Denver, Inc.; the acquisition of DigitalGlobe, Inc. by MacDonald, Dettwiler and Associates; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.

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.