Paul Hastings Represents RBC in Financing for Norcraft Companies, L.P.
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it represented Royal Bank of Canada as administrative agent in connection with a $150 million term loan and a $25 million asset-based revolving credit facility, and Royal Bank of Canada and KeyBank National Association as arrangers in connection with such credit facilities for Norcraft Companies, L.P, a recognized leader in the kitchen and bath industry, representing a comprehensive portfolio of the highest quality cabinetry lines.
The ABL facility replaced the existing ABL facility and the proceeds of the term loan on the funding date were used to redeem exiting second lien notes.
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