Acquisition financing and equity investment for a subsurface contractor
We advised the lead arrangers, lenders and agent on the financing and equity investment
Davis Polk advised the joint lead arrangers, bookrunners and lenders in connection with a $390 million senior secured term loan facility, a $75 million delayed draw term loan facility and a $40 million senior secured revolving credit facility provided to a middle-market private equity firm. The lead arrangers also provided a $30 million equity co-investment. The facilities were provided in connection with the acquisition of a leading subsurface contractor.
The Davis Polk finance team included partner Zachary R. Frimet, counsel Esam (Esamadeen) Ibrahim and associates Ahmad Raja and Jenelle L. Davis. All members of the Davis Polk team are based in the New York office.