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News Oct 22, 2014

Shearman & Sterling Advises Arrangers in $725 Million Acquisition Financing of Grocery Outlet by Hellman & Friedman

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC.

The Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance) and Robert Treuhold (New York-Capital Markets) and associates Amy Gluckman (New York-Finance), Nathan Wood (Palo Alto-Finance) and Dana Lord (New York-Finance).