Paul Hastings Advises Lead Arrangers in US$1.435 Billion Financing of Concordia Healthcare Corp.

April 21, 2015

New York, NY -- Paul Hastings LLP, a leading global law firm, represented Royal Bank of Canada, Morgan Stanley Senior Funding, Inc., The Toronto-Dominion Bank and General Electric Capital Corporation as joint lead arrangers and joint bookrunners in a $700 million senior secured credit facility to finance Ontario-based Concordia Healthcare Corp.’s $1.2 billion acquisition of substantially all of the commercial assets of Cerberus-backed Covis Pharma S.à.r.l and Covis Injectables, S.à.r.l.  Concordia is a diverse healthcare company focused on legacy pharmaceutical products and orphan drugs.

The firm also represented RBC Capital Markets LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC as the initial purchasers in connection with Concordia’s Rule 144A / Reg. S offering of $735 million 7.000% senior notes due 2023, the proceeds of which also went to fund the acquisition.

Leveraged Finance partners

and led the Paul Hastings team, which included , , , , Katie Forer and .

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.

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