Direct lender provides incremental term loan commitments to fund large sponsor-backed company's acquisition of Cypriot entity operating in commercial cruise and shipping industries
Client(s) Direct lender
Jones Day advised a direct lender, as administrative agent, collateral agent, sole lead arranger, and lender, in connection with an amendment to the credit facility of a large sponsor-backed borrower, which included an increase in term loan commitments. The new commitments funded the acquisition by the borrower of a Cypriot entity operating in the commercial cruise and shipping industries.