Barclays Provides Financing in Conjunction with Mattress Firm’s Chapter 11 Emergence
New York and Orange County - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays Bank PLC, as administrative agent, collateral agent, issuer, and sole lead arranger and sole book runner with respect to a $125 million committed exit asset-based revolving credit facility, and Barclays Bank PLC, as administrative agent and collateral agent, and sole lead arranger and sole book runner, with respect to a $400 million exit term loan credit facility, in each case, in connection with the emergence from Chapter 11 of the U.S. Bankruptcy Code, by Mattress Firm, Inc., America’s largest specialty mattress retailer, and certain of its affiliates.
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.; the $1.495 billion financing in connection with Victory Capital Holdings’ acquisition of USAA Shareholder Account Services, USAA Asset Management Company and Harvest Volatility Management; two credit facilities of nearly $4 billion combined for PBF Energy; the $650 million financing and concurrent tender offer for Calfrac Holdings LP; 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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