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News Apr 07, 2016

Shearman & Sterling Advises Lenders on $1.04 Billion Financing for Vista Outdoor’s Acquisition of Action Sports Business

Shearman & Sterling advised Bank of America, N.A., as administrative agent, and the lenders in a $1.04 billion senior secured financing in connection with the acquisition of the Action Sports division from BRG Sports, Inc. by Vista Outdoor Inc., consisting of a $640 million term loan A facility and a $400 million revolving credit facility.

The Shearman & Sterling team included partners JD DeSantis (New York-Finance/Capital Markets) and Malcolm Montgomery (New York-Real Estate), associates Andrea Steeves (New York-Finance), Scott Johnsson (New York-Corporate) and Sean Kelly (New York-Corporate), trainee Brittany Roger (New York-Finance) and specialist Todd Matthias (New York-Real Estate).