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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.
Canopy Growth Raises $750 Million Term Loan Financing
- Client News
- March 18, 2021
Paul, Weiss advised Canopy Growth Corporation in its credit agreement with funds advised by King Street Capital Management, L.P. Under the terms of the agreement, Canopy Growth has raised a $750 million senior secured term loan, and has the ability to obtain up to an additional $500 million of incremental senior secured debt. Proceeds will be used by Canopy Growth for working capital and general corporate purposes, including without limitation, growth investments, acquisitions, capital expenditures and strategic initiatives.
The Paul, Weiss team included corporate partners Lawrence Wee, Austin Witt and Andrew Foley and counsel Gabriella Toossi; intellectual property partner Claudine Meredith-Goujon; tax partner Patrick Karsnitz; real estate partner Salvatore Gogliormella; restructuring counsel Diane Meyers; and environmental counsel William O'Brien.