New York, NY--
Paul Hastings LLP, a leading global law firm, announced today that it advised RBC Capital Markets, BNP Paribas Securities Corp. and Macquarie Capital (USA) Inc. as joint lead arrangers and Royal Bank of Canada as administrative agent in connection with the financing for the completion of First Reserve’s acquisition of Utility Services Associates, Inc. First Reserve Fund XII, in partnership with management and Michael Lennon, acquired Utility Services Associates, Inc. (“USA”), which consists of C.W. Wright Construction Company, Incorporated, Booth & Associates, Inc., and Coastal Power & Electric, Inc.
The financing consisted of a $185 million term loan and a $30 million revolving credit facility.
Leveraged Finance partners Michael Michetti
, Michele Cohen
and Michael Baker
led the Paul Hastings team, which also included attorneys Laurie Stein
, Danny Choi
, Shekhar Kumar
, and Mark Nylen. 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.