New York, NY
(September 28, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm advised Furniture Brands International (NYSE: FBN), a world leader in designing, manufacturing, sourcing and retailing home furnishings, in closing a $250 million new five year secured financing.
GE Capital, Bank of America and Wells Fargo provided a $200 million asset-based loan and Pathlight Capital, LLC, a portfolio company of Sycamore Partners, will serve as Administrative and Collateral Agent on the $50 million secured term loan.
Furniture Brands portfolio includes well-known brands such as Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge.
Finance and Restructuring partners Leslie Plaskon
and Craig Lee
led the Paul Hastings team, which also included associates Emily Pittman
and Maria Merritt
. 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.