Paul Hastings Advises Jefferies Finance in Financing Bain’s Acquisition of a 50 Percent Stake in TOMS
November 18, 2014
New York, NY- Paul Hastings LLP, a leading global law firm, represented Jefferies Finance LLC in connection with the financing of Bain Capital Partners, LLC’s acquisition of 50% of the membership interests in TOMS Shoes, LLC, a shoe company that matches every pair of shoes purchased with a pair of new shoes given to a child in need. Since then, TOMS's giving has grown to serve other basic needs. TOMS Eyewear gives sight to a person in need with every pair of eyewear purchased, and TOMS Roasting Co. gives one week of clean water to a person in need for every bag of coffee purchased.
The firm represented Jefferies Finance LLC, as administrative agent, lead arranger and bookrunner, in connection with a $306.5 million term loan credit facility and Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Jefferies Finance LLC, as joint lead arrangers and joint bookrunners, in connection with a $60 million asset-based revolving credit facility for TOMS Shoes, LLC.
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