Paul Hastings Advises the Banks in the Financing of Hardware Holdings LLC's Acquisition of Plumbing Holdings Co.
New York, NY- Paul Hastings LLP, a leading global law firm, represented the banks in financing Hardware Holdings LLC’s acquisition of all the equity interests of Plumbing Holdings Corporation, a manufacturer of plumbing products, by Hardware Midco LLC., a newly formed subsidiary of Hardware Holdings LLC.
Hardware Holdings, a multi-channel distributor of hardware, plumbing and household products, is owned by Littlejohn & Co.
Paul Hastings represented Barclays Bank PLC and Wells Fargo Bank, National Association, as joint lead arrangers and as joint bookrunners in connection with a $40 million asset-based revolving credit facility. The firm also represented Barclays Bank PLC as the lead arranger and as the lead bookrunner and MCS Capital Markets LLC as additional arranger and additional bookrunner in connection with a $100 million first lien term loan and a $55 million second lien term loan.
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