Paul Hastings Represents RBC in Financing for GTCR Acquisition of Fundtech

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as lead arranger and administrative agent for the senior financing of GTCR’s $390 million acquisition of Fundtech Ltd. (NASDAQ: FNDT), a leading provider of banking software and services to global financial institutions.

The senior financing consists of a $200 million term loan facility and a $25 million revolving credit facility. A group of financial institutions provided $50 million in mezzanine subordinated notes. 
Leveraged Finance partner Michael Baker led the Paul Hastings team, which also included Leveraged Finance partner Michele Cohen and associates Marc Bacigalupo and Ryan Russell.