Cases & Deals

ABM obtains $255 million incremental term facility

Client(s) ABM Industries, Inc.

Jones Day advised ABM Industries Incorporated (NYSE: ABM), a leading provider of facility solutions, in connection with an amendment to its existing credit facility with Bank of America, N.A., as administrative agent, which provided for a new incremental term facility in an aggregate principal amount of $255 million, the proceeds of which were used to partially fund the acquisition of all of the issued and outstanding share capital of Iveagh New Opportunities Limited, a company incorporated in Ireland, and its direct and indirect wholly-owned subsidiaries.