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Allied Universal Closes $300 Million Notes Offering
- Client News
- September 3, 2024
Paul, Weiss represented private security and staffing company Allied Universal in its private tack-on offering of $300 million aggregate principal amount of 7.875% senior secured notes due 2031. The lead bookrunner for the offering was Morgan Stanley.
Allied Universal used the net proceeds from the offering, together with cash on hand, to repay borrowings under its asset-based lending facility and euro-denominated revolving credit facility, and to pay related fees and expenses.
The Paul, Weiss team was led by corporate partners Eric Wedel, Luke Jennings and Ben Steadman, and included partners Tim Cruickshank and Stefan Arnold-Soulby, and intellectual property partner Claudine Meredith-Goujon; tax partner Robert Holo and counsel Patrick Karsnitz; and executive compensation counsel Jake Glazeski.