Barclays and Royal Bank of Canada Commit to Provide $1.495 Billion Financing for Victory Capital Holdings
New York - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC and RBC Capital Markets, as joint lead arrangers and joint bookrunners, and Barclays Bank PLC, as administrative agent, with respect to $1,495,000,000 in senior secured credit facilities to be provided in connection with the proposed acquisition of USAA Transfer Agency Company, a Delaware corporation d/b/a USAA Shareholder Account Services, and USAA Asset Management Company, a Delaware corporation, by Victory Capital Holdings, Inc. and separately, the proposed acquisition of Harvest Volatility Management, LLC, a Delaware limited liability company, by Victory Capital Holdings, Inc.
The Paul Hastings Leveraged Finance team has advised on the financings for several high-profile deals, including the £1 billion acquisition of Laird PLC by Advent International; the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; two credit facilities of nearly $4 billion combined for PBF Energy; the $650 million financing and concurrent tender offer for Calfrac Holdings LP; two credit facilities of $250,000,000 combined in connection with the voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code by Mattress Firm, Inc.; the $1.25 billion financing for Dynegy Inc.; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.
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