Shearman & Sterling advised the joint lead arrangers and joint bookrunners in connection with a refinancing and one-time dividend for SumTotal Systems Inc., a portfolio company of private equity sponsor Vista Equity Partners, comprised of a $370 million first lien term loan, a $30 million revolving credit facility and a $140 million second lien term loan.
The Shearman & Sterling team included partners Joshua Thompson (New York-Finance), Roger Baneman (New York-Tax), Douglas R. McFadyen(New York-Tax), and Malcolm Montgomery (New York-Real Estate); counsel Sharon Lippett(New York-Executive Compensation & Employee Benefits), Jeffrey L. Salinger (New York-Real Estate/Environmental), andMichael Steinberg (New York-Finance); and associates Jordan Altman (New York-Intellectual Property Transactions), Zheng Bao (Palo Alto-Intellectual Property Transactions), Rishard Cooper (New York-Real Estate), Milana Dabran (New York-Finance), Matthew Gautier (New York-Finance), Michael Jokic (New York-Intellectual Property Transactions), Doug Jones (New York-Tax), Laura Mulry (New York-Real Estate), Judson Oswald (New York-Finance), Jeff Saccone (New York-Finance) and Dan Smith (New York-Tax).
