New York, NY-- Paul Hastings, a leading global law firm, announced today that the firm represented the lead arrangers UBS AG, Stamford Branch and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the financing of the first lien credit facility of U.S. Shipping Corp., a leading provider of long-haul marine transportation services. The financing consisted of a $220 million first lien term facility and $50 million second lien term facility.
Leveraged Finance partner Richard Farley led the Paul Hastings team, which included associates Seth Chandler, Felicia Yen and Mark Nylen.
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