Paul Hastings Represents Banks on Financing of First Reserves Acquisition of Dixie Electric

December 19, 2013
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it represented UBS AG, Stamford Branch as administrative agent, UBS Securities LLC, Credit Suisse Securities (USA) LLC, Macquarie Capital (USA) Inc. and SG Americas Securities LLC as joint lead arrangers and joinder bookrunners in connection with a $270 million term loan facility and a $40 million revolving credit facility, the proceeds of which at closing were used to finance the acquisition of Dixie Electric, LLC, a provider of electrical infrastructure materials and services to the energy industry, by affiliates of First Reserve Corporation.

Leveraged Finance partners Michael Michetti and Joel Simon led the Paul Hastings team, which also included associates Joseph Fastiggi, Sun Kim, Julie Park, and Sergey Milyukov.

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