Paul Hastings Advises Blackstone Credit and Ares Corporation in the Largest Unitranche Debt Financing in History for Thoma Bravo’s Acquisition of Stamps.com for $6.6 Billion
New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Blackstone Credit, Ares Corporation, PSP Investments Credit II USA LLC and a group of other lenders on the consummation of the unitranche debt financing of Thoma Bravo’s acquisition of Stamps.com for $6.6 billion. At the time of its closing, the unitranche debt financing served as the largest ever of its kind.
Leveraged Finance partner Michele Cohen led the Paul Hastings team, which also included of counsel Kristopher Villarreal; and associates Annie Zhao, Phillip Chang, Ara Dungca, and Stephen Rettger.
The transaction closed on October 5, 2021.
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