David’s Bridal Closes $70 Million Capital Investment

Paul, Weiss advised David’s Bridal, LLC, the nation’s leading bridal and special occasion authority, in securing a $70 million term loan provided by CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board. The new term loan, will be used by David’s Bridal to fund operations and for general corporate purposes.

The firm previously advised David’s Bridal on its out-of-court recapitalization in December 2019.

The Paul, Weiss team included, among others, corporate partners Kenneth Schneider, Robert Zochowski, Claudine Meredith-Goujon and Ellen Ching and counsel Gabriella Toossi; tax partner Patrick Karsnitz; restructuring partner John Weber; and real estate partner Salvatore Gogliormella.