Paul Hastings Advises Debt Financing Sources in AEA's Acquisition of Delta Rigging & Tools
March 31, 2014
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch as administrative agent in connection with a $100 million asset-based revolving credit facility, a $225 million first lien term loan credit facility and a $127.5 million second lien term loan credit facility, and UBS Securities LLC and Jefferies Finance LLC as joint lead arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of DRTH Holdings, Inc., an affiliate of Delta Rigging & Tools, Inc., a provider of lifting and rigging products and related services, by Bishop Lifting Products, Inc., an affiliate of BLP Parent Corporation and of SEI Holding Company and a portfolio company of AEA Investors LP, and to refinance certain existing indebtedness.
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