New York, NY -
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC and General Electric Capital Corporation as joint lead arrangers for the senior secured financing of Consolidated Precision Products Corp.s acquisition of the Turbine Technologies Group of ESCO Corporation from ESCO Corporation and ESCO Turbine Components Europe, sprl. The senior secured financing consists of a $515,000,000 first lien senior secured term loan and revolving credit facility and $185,000,000 second lien senior secured term loan facility. Consolidated Precision Products Corp. is a leading manufacturer of highly-engineered castings serving the commercial aerospace, military and industrial markets and is owned by private equity firm Warburg Pincus.
Leveraged Finance partner Michael Michetti
led the Paul Hastings team, which also included partner Joel Simon
, of counsel Sanjay Thapar
and associates Heidi Spalholz
, Farah Tariq
and Julie Park
. 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.