Wells Fargo Bank, JPMorgan Chase Bank, and Morgan Stanley Serve as Lead Arrangers on Pandora Media’s Asset-Based Credit Facility

January 09, 2018

Pandora_Wordmark_RGBNew York – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint book runners with respect to financing provided to Pandora Media, Inc. The financing consisted of a $200 million asset-based revolving credit facility (with the potential for an incremental increase of up to $50 million), the proceeds of which were used to refinance existing debt.  Pandora Media is a music streaming and automated recommendation service.

The Paul Hastings team was led by partner Jennifer Yount, along with partners Yariv Katz and Jane Song, as well as associates Lauren Loyd, Todd Schneider, Melissa Fishkin, and Timothy Hughes.

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.