On April 11, 2024, Dye & Durham Limited concluded the previously announced private offering of US$555 million aggregate principal amount of its 8.625 percent senior secured notes due 2029 (the “New Senior Secured Notes“), the previously announced US$350 million aggregate principal amount senior secured Term Loan B Facility (the “New Term Loan Facility“) and the $105 million revolving credit facility (the “New Revolving Facility“, together with the New Term Loan Facility, the “New Senior Secured Credit Facilities“, and together with the New Senior Secured Notes, the “Refinancing Transactions“).
Stikeman Elliot acted as counsel for Goldman Sachs & Co. LLC and a syndicate of lenders in connection with a series of refinancing transactions for Dye & Durham, with a team consisting of Shawn Blundell, Jeff Hershenfield, Frank Selke, Lauren Forster (Corporate / Securities), Justin Parappally, Aude Godfroy, Andie Lipetz, Shreeya Handa, Mostafa Mirzada (Banking), John Lenard and Natacha Ngo (Tax), Nick Avis (Insolvency), William Brown (Articling Student) and Beatrice Lorusso (Corporate Search Clerk).
