Allied Universal Closes $1 Billion Notes Offering 

Paul, Weiss represented private security and staffing company Allied Universal in its private offering of $1.05 billion aggregate principal amount of 6.875% senior secured notes due 2030. The joint bookrunning managers for the offering were led by Morgan Stanley.

Allied Universal used the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 9.750% senior notes due 2027 and pay fees and expenses in connection with the offering.

The Paul, Weiss team was led by corporate partners Luke Jennings, Eric Wedel and Ben Steadman, and included partners Timothy Cruickshank and Kai Zeng; and tax partner Robert Holo and counsel Patrick Karsnitz.