Paul Hastings Advised Initial Purchasers in Jones Deslauriers/Navacord’s Add-On Secured Notes Offering
Paul Hastings LLP advised BofA Securities, BMO Capital Markets, CIBC Capital Markets, Deutsche Bank Securities, KKR, MUFG, and TD Securities in connection with the add-on offering of $100 million aggregate principal amount of 8.500% senior secured notes due 2030 by Jones DesLauriers Insurance Management Inc./Navacord Corp., a company controlled by private equity sponsor Madison Dearborn Partners and one of Canada’s fastest growing multi-line insurance brokers.
Following the inaugural high-yield bond offering in December 2022 and the initial secured high-yield bond offering in March 2023, this add-on marks the third successful offering by Navacord in four months led by Paul Hastings.
New York partner John Cobb and London partner Max Kirchner led the cross-office Paul Hastings team, which also included associates Justin Zeizel and Ben Winnick.
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With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.
With widely recognized elite teams across 18 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world's leading investment banks, asset managers and corporations.