Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
A&E Closes Dividend Recapitalization
- Client News
- July 16, 2015
Paul, Weiss client American & Efird LLC (A&E) closed on a dividend recapitalization, comprising a $175 million term loan, a €31.9 million term loan and a $65 million revolving facility, with a syndicate of banks led by Bank of America, N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A. and PNC Bank, National Association. A&E, a portfolio company of KPS Capital Partners, LP, is one of the world's foremost manufacturers of sewing threads and industrial yarns, with a presence in 41 countries.
The Paul, Weiss team included, among others, corporate partner Carl Reisner, tax partner David Mayo, employee benefits counsel Reuven Falik and real estate partner Peter Fisch.