RBC Completes $900 million Multi-Currency Asset-Based Revolving Credit Facility for JBS USA
November 28, 2018
New York - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as administrative agent, joint bookrunner and joint lead arranger together with certain other major financial institutions, for a $900 million asset-based revolving credit facility with JBS USA Food Company, the North American arm of JBS S.A. and certain affiliated companies, the world’s leading meat processing company in the world, and certain of its US, Australian, Canadian and Luxembourgian affiliates. The facility is available in three multi-currency tranches of $650 million, $175 million and $75 million, with a maturity of October 2023.
The Paul Hastings Leveraged Finance team has advised on the financings for several high-profile deals, including the £1 billion acquisition of Laird PLC by Advent International; the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; the $1.495 billion financing in connection with Victory Capital Holdings’ acquisition of USAA Shareholder Account Services, USAA Asset Management Company and Harvest Volatility Management; two credit facilities of nearly $4 billion combined for PBF Energy; the $650 million financing and concurrent tender offer for Calfrac Holdings LP; the $1.25 billion financing for Dynegy Inc.; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.
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