Cases & Deals

National bank provides $305 million credit facility for add-on acquisition and dividend recapitalization by servicer of commercial and consumer loans and lease portfolios

Client(s) National bank

Jones Day advised a national bank, as left lead arranger and administrative agent, in a $305 million syndicated senior secured credit facility comprised of $280 million in term loans and a $25 million revolving credit facility, in connection with a strategic add-on acquisition and dividend recapitalization by a private-equity owned servicer of commercial and consumer loans and lease portfolios.