New York, NY
(October 12, 2011) - Paul Hastings LLP, a leading global law firm, announced today that the firm is representing the lead arrangers RBC Capital Markets and BMO Capital Markets in connection with the financing for Ares Management LLC and Canada Pension Plan Investment Boards $1.6 billion acquisition of 99 Cents Only Stores (NYSE: NDN).
The financing is expected to consist of a $150 million ABL Facility, a $525 million first lien term facility and $250 million bridge facility.
Leveraged finance partners Michael Baker
, Richard Farley
and Michael Michetti
will lead the Paul Hastings team. 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.