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Paul Hastings Advises 2U in Debt Refinancing Transactions

January 09, 2023

Paul Hastings LLP is advising 2U (Nasdaq: TWOU), a leading online education platform company, in the refinancing of its term loan, which includes extending the term loan and securing new capital from current stockholder Greenvale Capital LLP and The Berg Family Trust through the issuance of $147 million in principal amount of 4.5% senior unsecured convertible notes due 2030 for cash proceeds of approximately $127 million.

Partner Brandon Bortner is leading the Paul Hastings team, which also includes partner Seth Chandler, of counsel Alex Herman, and associates Grace Aviles, Anna Barbosa, Rav Grewal, and Robert Owoo.

More details on the transaction can be found here.

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With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.

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