New York, NY — Paul Hastings LLP, a leading global law firm, announced today that the firm advised the debt financing providers in connection with Bain Capital’s acquisition of a 49% interest in Sundial Group LLC and certain of its affiliates (“Sundial”), a leading provider of skin care and hair care products.
Paul Hastings LLP represented Goldman Sachs Bank USA and KeyBank National Association as joint lead arrangers and joint bookrunners and Goldman Sachs Bank USA as administrative agent in connection with a $150 million senior secured term loan and a $25 million senior secured revolving facility for Sundial. The proceeds of the senior secured credit facilities at closing were used to finance Bain Capital’s acquisition of a 49% interest in Sundial and to refinance Sundial’s existing credit facility.
Leveraged Finance partners Jeffrey Pellegrino and William Schwitter led the Paul Hastings team, which also included associates Joseph Fastiggi and Katrina Olsen.
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.