New York, NY
(May 15, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented GE Capital Markets as joint lead arranger and sole administrative agent for financing in support of KPS Capital Partners LP's acquisition of ThyssenKrupp Waupaca, Inc., the largest independent iron foundry in the world, from ThyssenKrupp Budd Company through a newly formed company, W Foundry International, Inc.
Financial terms of the transaction were not disclosed. The closing of the acquisition is expected during the second quarter of 2012.
RBC Capital Markets and Wells Fargo Capital Finance will also act as lead arrangers for the financing of the acquisition.
Leveraged Finance partner Mario Ippolito
led the Paul Hastings team, which also included Laurice Thrasher
and Nicole LaMontagne
. 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.