Shearman And Sterling

News May 09, 2023

Shearman & Sterling Advises on $900 Million ABL Upsize Transaction

Shearman & Sterling advised Inc, as Borrower, on a $900 million increase to its existing ABL revolving credit facility agented by Capital One, National Association, bringing the total size of the facility to $3 billion. Proceeds from the facility will be used for working capital and general corporate purposes. In conjunction with the ABL upsize, the Borrower also issued $640 million second lien notes in a notes offering and repaid certain existing indebtedness.

Headquartered in Columbia, Missouri, Inc. operates as a construction technology solutions and equipment rental company. The Company provides web applications, hardware, data gathering, and other technology solutions, as well as offers equipment rental and sale.

The Team