Paul Hastings, a leading global law firm, announced today that the firm represented Credit Suisse Securities (USA) LLC as lead arranger and Credit Suisse AG, Cayman Islands Branch as administrative agent in a $1.775 billion refinancing of Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.
The firm also represented Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, UBS Securities LLC, Union Bank, N.A. and other banks as joint lead arrangers and joint bookrunners in the financing commitment.
The refinancing consists of a $500 million senior secured term loan facility, an $800 million senior secured term loan facility, and a $475 million senior secured revolving credit facility.
Leveraged Finance partners Michele Cohen and Michael Baker led the Paul Hastings team, which also included associates Shekhar Kumar and Valerie Silverman.
