Mitel Networks Closes First and Second Lien Credit Facilities

Mitel Networks Corporation closed first and second lien credit facilities totalling US$320 million. The first lien credit facilities included both a US$200 million six year term facility and a US$40 million five year revolving facility. Bank of America, N.A. served as the Administrative Agent and collateral agent, RBC Capital Markets acted as the Syndication Agent and Bank of America, N.A., RBC Capital Markets and MCS Capital Markets LLC acted as Joint Lead Arrangers and Joint Bookrunners.

Wilmington Trust, National Association served as Administrative Agent and Collateral Agent with KKR Asset Man-agement as Lead Arranger and Lead Bookrunner all in connection with the second facility, a seven year second lien term facility in the amount of $80 million.

Mitel was represented by Greg Hiscock, its General Counsel, Michelle Whittington, its intellectual property counsel, and in both Canada and the United States by Osler, Hoskin & Harcourt LLP with a team that included Richard Borins, Michele Moss, Ben Leith, Ryan Therrien, Nathan Whitaker and Wela Quan.

Bank of America was represented by Shearman & Sterling LLP with a team that included Monica Holland, Nathan Wood and Yui Le and by Shane Pearlman and Alec Zimmerman of Borden Ladner Gervais LLP on Canadian matters.

Wilmington Trust was represented by Simpson Thacher & Bartlett LLP with a team that included Justin Lungstrum, Andy Veit, Ursula Mackey and Eric Schulman.