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.
TowerCo Completes Leveraged Recapitalization
- Client News
- November 25, 2009
Practices
Paul, Weiss client TowerCo II Holdings LLC and its subsidiary, TowerCo Finance LLC, entered into a $240 million credit agreement with a consortium of lenders led by Morgan Stanley. The TowerCo credit facility was entered into in connection with a leveraged recapitalization and was mentioned in The Wall Street Journal last week as being an example of one of very few leveraged recapitalization transactions occurring in today's market environment. TowerCo owns and operates over 3000 wireless communication towers throughout the United States and Puerto Rico.
The Paul, Weiss team included corporate partners Bruce Gutenplan and Jordan Yarett, and environmental counsel Bill O'Brien.