Bain Capital Acquires Major Interest in Sundial Group
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.
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