Paul Hastings Advises ABL Arrangers in Acquisition of NCSG Crane & Heavy Hauling Corporation
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as administrative agent in connection with a $225 million Canadian dollar asset-based revolving credit facility, and RBC Capital Markets and Goldman Sachs Bank USA as arrangers in connection with such credit facility. The proceeds of such credit facility, together with equity proceeds and proceeds from the issuance of $305 million of 9.50% second lien notes due 2019, were used to finance the acquisition of a majority interest in NCSG Crane & Heavy Hauling Corporation, one of the largest providers of fully operated and maintained crane and heavy haul services in North America, by TriWest Capital Partners, Alberta Teachers’ Retirement Fund and Northwest Capital Appreciation from its existing shareholders.
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