Paul Hastings Represents Macquarie in Financing First Reserve’s Acquisition of Hoover Container Solutions
New York, NY- Paul Hastings LLP, a leading global law firm, represented Macquarie US Trading LLC as administrative agent and lead arranger in connection with the $193 million partial financing of Hoover Container Solutions acquisition by First Reserve, the largest global private equity firm exclusively focused on energy.
Hoover is a leading provider of chemical tanks, cargo carrying units and related products and services to the global energy, petrochemical and related industrial end markets.
The partial financing consisted of a $165 million term loan facility and a $30 million of revolving credit facility.
Paul Hastings has led the financings on several of First Reserve’s acquisitions including the purchase of
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