New York, NY
Paul Hastings LLP, a leading global law firm, announced today that it represented the lead arrangers RBC Capital Markets, Deutsche Bank Securities Inc. and UBS Securities LLC in connection with the financing for the completion of Gulf Oil Corporation Limiteds $1.1 billion acquisition of HII Holding Corporation.
The financing consisted of first lien term loan facilities in aggregate principal amounts of $455 million and €100 million, a $50 million multi-tranche first lien revolving credit facility and a $200 million second lien term loan facility. In connection with the financing, the firm also represented RBC Europe Limited, as European Administrative Agent and European Collateral Agent in respect of the first lien credit facilities, and Royal Bank of Canada, as U.S. Administrative Agent and U.S. Collateral Agent in respect of the first lien credit facilities and as Administrative Agent and Collateral Agent in respect of the second lien credit facilities.
Leveraged Finance partner Michael Baker
led the Paul Hastings team, which also included of counsel Sanjay Thapar
and associates Chris Ross
and Tahira Prince
. 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.