Cases & Deals

Leading financial services company provides revolving credit facility for private equity firm in connection with acquisition

Client(s) Leading financial services company

Jones Day represented a leading financial services company in connection with the acquisition and related financing by a large private equity sponsor of two major U.S. candy producers and distributors. The financing consisted of a $125 million syndicated asset-based revolving credit facility involving a first lien in working capital assets and a second lien in certain fixed assets totaling $425 million. In connection with the revolving credit facility, Jones Day negotiated and documented a complex intercreditor arrangement with the borrower's secured term loan lenders.