Shearman & Sterling represented RBC Capital Markets as sole lead arranger and sole bookrunner of a $355 million amended and restated senior secured guaranteed credit facility for Rural Metro, which refinanced the company’s existing senior secured credit facility. The new credit facility is comprised of a $270 million six-year term loan and an $85 million five-year revolving credit facility. In connection with Rural Metro’s refinancing, the firm also represented RBC Capital Markets as dealer manager in a tender offer and consent solicitation for Rural Metro’s outstanding 12 3/4% Senior Discount Notes due 2016.
The Shearman & Sterling team was led by partners Michael S. Baker (New York-Finance), Bruce Czachor (New York-Capital Markets) and David Beveridge (New York-Capital Markets) and included associates Matthew Gautier (New York-Finance), Lesley Janzen (New York-Capital Markets), Dave Rao (New York-Capital Markets), Laurie Stein (New York-Finance) and Tina Varghese (New York-Capital Markets), as well as legal assistant Christine Dionne (New York-Finance).
