We advised the administrative agent and lead arrangers on the financing

Davis Polk advised the administrative agent, collateral agent, joint lead arrangers, joint bookrunners and lenders in connection with a $400 million term loan facility and $50 million revolving facility provided to Unite Merger Sub, Inc. The proceeds of the term loan facility will be used to finance the acquisition of Intermedia Cloud Communications, Inc. and its subsidiaries by 26North Partners LP.

Intermedia Cloud Communications is a leading provider of intelligent cloud communications solutions that includes voice, video conferencing, chat, SMS, contact center, business email and productivity, file sharing and backup, security, archiving, and more.

26North is a leading global investment firm with a variety of investment funds and accounts covering multiple asset classes and currently has over $35 billion in assets under management.

The Davis Polk finance team included partner Kenneth J. Steinberg, counsel Amna Ilyas and Ping Chi Bobby Yeh and associates Emily (Yuhong) Su and Matthew Schattner. Partner David R. Bauer provided intellectual property advice. Counsel Yixuan Long provided tax advice. Counsel David A. Zilberberg provided environmental advice. Counsel Will Schisa provided sanctions advice. Counsel Andrew H. Braid provided executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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