International law firm McDermott Will & Emery LLP today announced that it successfully represented ProBuild Holdings, Inc., the nation’s largest suppliers of building materials to national builders and local contractors, as well as several of its affiliates with the negotiation, documentation and execution of a $505 million revolving credit facility with Wells Fargo Capital Finance, LLC.
Founded in 1997, ProBuild Holdings is the largest privately held American supplier of lumber and building materials. The company currently operates more than 400 lumber and building product distributions, manufacturing and assembly centers serving 40 U.S. states.
“We are pleased to have facilitated this successful refinancing for our long-time client, ProBuild Holdings,” said David Goldman, lead deal attorney and head of the Firm’s Corporate Advisory Practice Group. “Our team worked across several different disciplines, practice groups and geographies to ensure the success of this complex transaction. We knew this refinancing was important to the execution of ProBuild’s long-term strategic growth plan, and feel gratified to have secured this result for our client.”
In addition to Mr. Goldman, the McDermott transaction team included partners Jeffrey A. Jung, Gary C. Karch, Jake Townsend, and Daphne W. Trotter as well as associates Joseph L. Devany, Neil T. Reddy, George M. Houhanisin, and Patrick J. McCurry.
McDermott’s Corporate Advisory Practice Group represents a wide spectrum of business interests around the world, from Global 50 companies to venture backed start-ups, as well as the financial institutions that support them. The team is compromised of highly skilled and collaborative business lawyers focused on solving complex business problems and acting as strategic partners in the execution of clients’ strategic M&A initiatives and capital raising plans.