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Paul Hastings Advises Debt Financing Sources in Berkshires acquisition of SRS Distribution

March 05, 2013
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch, as administrative agent in connection with both a $220 million term loan and a $100 million asset-based revolving credit facility, and UBS Securities LLC and Barclays Bank PLC as arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of SRS Holding Corporation, the parent company of roofing supply distributor SRS Distribution Inc., by Berkshire Partners LLC.

Leveraged finance partners Michele Cohen, Mario Ippolito and Michael Michetti led the Paul Hastings team, which also included associates Joseph Fastiggi, Valerie Silverman and Heidi Spalholz.

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.