New York, NY--
Paul Hastings LLP, a leading global law firm, announced today that it represented Royal Bank of Canada as administrative agent in connection with a $150 million term loan and a $25 million asset-based revolving credit facility, and Royal Bank of Canada and KeyBank National Association as arrangers in connection with such credit facilities for Norcraft Companies, L.P, a recognized leader in the kitchen and bath industry, representing a comprehensive portfolio of the highest quality cabinetry lines.
The ABL facility replaced the existing ABL facility and the proceeds of the term loan on the funding date were used to redeem exiting second lien notes.
Leveraged Finance partners Michael Baker
and Mario Ippolito
led the Paul Hastings team, which also included of counsel Sanjay Thapar
and associates Julie Park
and Kareem Roe. 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.