New York, NY -
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and the joint lead arrangers and joint bookrunners in connection with an acquisition financing for Dynamic Precision Group, Inc., a turbine engine parts manufacturer affiliated with The Carlyle Group and AeroEquity Partners. The debt financing for such acquisition consisted of a $260 million term loan facility and a $70 million revolving credit facility. The proceeds of the credit facilities were used to partially finance the acquisition by Dynamic Precision Group, Inc. of manufacturing assets from a unit of GE Aviation.
Leveraged finance partners Michael Baker
and Randal Palach
led the Paul Hastings team, which also included associates Joseph Fastiggi
, Sun Kim
and Max Rosenberg. 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