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Image: Seth B Chandler

Seth B Chandler

Of Counsel, Corporate Department
Houston
600 Travis Street
Fifty-Eighth Floor
Houston, TX
77002
United States

Fax: 1(713) 353-3322

Overview

Seth B. Chandler is an Of Counsel in the Leveraged Finance practice of Paul Hastings and is based in the firm's Houston office. His practice primarily consists of representing both lenders and borrowers in domestic and cross-border leveraged acquisition financings and other debt financings across a broad spectrum of industries. Mr. Chandler has extensive experience representing banks, funds, and other financial institutions and issuers in a variety of debt finance transactions, including first and second lien credit facilities, bridge loans, asset-based credit facilities, acquisition financings, refinancing and recapitalization facilities, intercreditor arrangements, and secured creditor issues.

Education

  • Cornell Law School, J.D., 2006

  • Worcester Polytechnic Institute, B.S., 2003 (with high distinction )

Involvement

  • Member of the State Bar of New York

  • United States District Court for the Southern District of New York

Recent Representations

  • Represented Barclays Bank PLC, as administrative agent, collateral agent and issuer, and joint book runner and joint lead arranger, with respect to a $150,000,000 debtor-in-possession asset-based revolving credit facility and Barclays Bank PLC, as administrative and collateral agent, and sole book runner and sole lead arranger, with respect to a $100,000,000 debtor-in-possession term loan credit facility, in each case, in connection with the voluntary petition for relief filed under Chapter 11 of the U.S. Bankruptcy Code by Mattress Firm, Inc., America's largest specialty mattress retailer, and certain of its affiliates.

  • Represented RBC Capital Markets, Antares Capital LP, and UBS Securities LLC, as lead arrangers and bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $395,000,000 in senior secured credit facilities in favor of SeaStar Solutions, a portfolio company of American Securities. SeaStar Solutions is a leading global provider of OEM and aftermarket products and accessories for the recreational marine and related markets.

  • Represented Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., and RBC Capital Markets, as lead arrangers and bookrunners, and Credit Suisse AG, Cayman Islands Branch, as administrative agent, in connection with approximately $605,000,000 in senior secured credit facilities in favor of Mirion Technologies, a portfolio company of Charterhouse Capital Partners.

  • Represented TD Securities (USA) LLC, RBC Capital Markets, CIT Bank, N.A., SunTrust Robinson Humphrey, Inc., Citizens Bank, N.A., ING Capital LLC, and Regions Capital Markets, as lead arrangers and bookrunners, and Toronto Dominion (Texas) LLC, as administrative agent, in connection with $900,000,000 in senior secured credit facilities financing Digital Bridge Holdings LLC's acquisition of Vantage Data Centers, LLC. Vantage Data Centers is a leading provider of data center solutions in support of mission-critical applications.

  • Represented Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Deutsche Bank Securities Inc., Goldman Sachs Lending Partners LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, and UBS Securities LLC, as lead arrangers and bookrunners, and Credit Suisse AG, Cayman Islands Branch, as administrative agent, in connection with $1,775,000,000 of senior secured credit facilities in favor of Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in the United States.

  • Represented RBC Capital Markets, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson Humphrey, Inc., ING Capital, LLC, and Sumitomo Mitsui Banking Corporation, as lead arrangers and bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $510,000,000 of senior secured credit facilities in favor of Broadstreet Partners Inc., a portfolio company of Ontario Teachers' Pension Plan. Broadstreet Partners is an investor in independent insurance agencies.

  • Represented RBC Capital Markets, as lead arranger and bookrunner, and Royal Bank of Canada, as administrative agent, in connection with $300,000,000 in senior secured credit facilities financing Genstar Capital Partners LLC's acquisition of Power Products, LLC. Power Products is a global, diversified, electrical products supplier.

  • Represented RBC Capital Markets and BMO Capital Markets, as lead arrangers and bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $600,000,000 in senior secured credit facilities financing Xperi Corporation's acquisition of DTS Inc. Xperi Corporation is a technology company that creates, develops and licenses audio, imaging, computer vision and semiconductor packaging and interconnect technologies and DTS is a developer of digital sound formats for both commercial/theatrical and consumer grade applications.

  • Represented RBC Capital Markets, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $945,000,000 in senior secured credit facilities, in favor of Media General, Inc., financing the acquisition by Media General of New Young Broadcasting Holding Co., Inc., a local television broadcasting company. Media General is a leading local television broadcast company.

  • Represented RBC Capital Markets, Capital One, N.A., Deutsche Bank Securities Inc., SunTrust Robinson Humphrey, Inc., and U.S. Bank National Association, as joint lead arrangers and joint bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $915,000,000 in senior secured credit facilities in favor of Media General, Inc., financing the acquisition by Media General of LIN Television Corporation, a local media company. Media General is a leading local television broadcast company.

  • Represented RBC Capital Markets, Capital One Securities, Inc., Deutsche Bank Securities, SunTrust Robinson Humphrey, Inc., and US Bancorp Investments, Inc., as joint bookrunning managers, in connection with the issuance by Media General, Inc. of $400,000,000 in 5.875% senior notes due 2022, financing the acquisition by Media General of LIN Television Corporation, a local media company. Media General is a leading local television broadcast company.

  • Represented RBC Capital Markets and Deutsche Bank Securities Inc., as lead arrangers and bookrunners, in connection with $250,000,000 in senior secured credit facilities in favor of Spectrum Brands, Inc. Spectrum Brands is a global consumer products company.

  • Represented SG Americas Securities, LLC and Golub Capital LLC, as lead arrangers and bookrunners, and Société Générale, as administrative agent, in connection with $200,000,000 in first lien and second lien credit facilities, financing Golden Gate Capital's acquisition of Tronair. Tronair is a leading designer, manufacturer and seller of ground support equipment for business, commercial and military aircraft.

  • Represented UBS Securities LLC and JPMorgan Bank, N.A., as lead arrangers and bookrunners, in connection with $505,000,000 in senior secured credit facilities, financing Carlyle Partners' acquisition of WellDyneRx, Inc. WellDyneRx is a U.S.-based pharmacy benefit manager providing full-service prescription drug management between patients and drug plans through a network of retail providers in addition to a mail order and specialty drug pharmacy.

  • In addition, Mr. Chandler regularly represents agent banks in restructurings, DIP financings, exit financings, and financings of 363 sales.

Practice Areas

Corporate
Alternative Lender and Private Credit
Leveraged Finance

Languages

English

Admissions

Texas Bar
New York Bar

Education

Cornell Law School, J.D. 2006
Worcester Polytechnic Institute, B.S. 2003

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