Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Ply Gem Closes $930 Million Refinancing
- Client News
- January 30, 2014
Practices
Paul, Weiss client Ply Gem Industries, Inc., a leading manufacturer of exterior building products in North America, closed a $430 million term loan facility and a private offering of $500 million 6.50% Senior Notes due 2022. The net proceeds of the offering and the term loan, as well as cash on hand, were used to refinance in full Ply Gem's outstanding Senior Secured Notes and old Senior Notes. With this refinancing the company has lowered its interest cost and extended maturities on all of its funded debt.
The Paul, Weiss team included corporate partners John Kennedy and Eric Goodison; tax partner Richard Bronstein; real estate partner Peter Fisch; and environmental counsel William O'Brien.