Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 11-08-2017 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | KeyBank/KKR Capital Acquisition Financing for Zep, Inc | Industry: | Chemicals |
| Description: |
Allen and Overy represented regional bank and KeyCorp subsidiary, KeyBank, and broker-dealer KKR Capital Markets as lead arrangers for the USD770 million acquisition financing by Zep, Inc., a leading specialty chemical goods firm and portfolio company of New Mountain Capital. The financing consisted of a USD550 million first lien term loan, a USD45 million first lien revolving credit facility, and a USD175 million second lien term loan facility. Proceeds of the loan were used to finance the acquisition, refinance existing credit facilities and finance a dividend.
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| Financial Center: | New York | Value: | 500.01-1000.00 |
| Advised Party: | Lender | Law Firm | Allen & Overy |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance |
Lawyer | Rajani Gupta |
