New York, NY -
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch as administrative agent in connection with a $100 million asset-based revolving credit facility, a $225 million first lien term loan credit facility and a $127.5 million second lien term loan credit facility, and UBS Securities LLC and Jefferies Finance LLC as joint lead arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of DRTH Holdings, Inc., an affiliate of Delta Rigging & Tools, Inc., a provider of lifting and rigging products and related services, by Bishop Lifting Products, Inc., an affiliate of BLP Parent Corporation and of SEI Holding Company and a portfolio company of AEA Investors LP, and to refinance certain existing indebtedness.
Leveraged Finance partners Michael Michetti
and Mario Ippolito
led the Paul Hastings team, which also included associates Joseph Fastiggi
, Ursula Mackey
, Heidi Spalholz
, Sun Kim
, Tahira Prince
, Mitchell Zuckerman
, Cecilia Wang
, Sergey Milyukov and Max Rosenberg. Paul Hastings LLP 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.