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Clients rely on our Finance Group to help them navigate the business and legal complexities of novel and multi-dimensional debt financing transactions. Our versatile finance practitioners work closely with our mergers and acquisitions, securities, tax, real estate and bankruptcy lawyers to provide seamless advice and innovative solutions that address our clients' debt financing needs related to all types of transactions and capital structures.

A&E Closes Dividend Recapitalization

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 corporate partners Carl Reisner and Monica Thurmond, tax partner David Mayo, employee benefits counsel Reuven Falik and real estate partner Peter Fisch.

July 16, 2015

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