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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.
Oaktree Capital Closes Ashford Hospitality Financing
- Client News
- January 15, 2021
Paul, Weiss advised funds managed by Oaktree Capital Management, L.P. in its $200 million senior secured term loan to Ashford Hospitality Trust, Inc., a real estate investment trust investing predominantly in upper upscale, full-service hotels. The term loan includes a $250 million delayed draw commitment, allowing the aggregate amount of borrowings to increase to $450 million, if requested.
The Paul, Weiss team included, among others, corporate partners Austin Witt, Kenneth Schneider and Lawrence Wee; real estate partner Salvatore Gogliormella; tax partner Robert Holo; litigation partner Gregory Laufer; restructuring partner Brian Hermann; intellectual property partner Claudine Meredith-Goujon; and environmental counsel William O'Brien.