Paladin Brands Holding, Inc. and certain other subsidiaries of International Equipment Solutions LLC entered into a term credit agreement providing for first lien term loan facilities of up to $270 million for refinancing of existing debt, capital expenditures and general corporate purposes (including financing of acquisitions). The transaction was entered into by Paladin Brands Holding, Inc., Crenlo Cab Products, Inc. and Emcor Enclosures, Inc. as borrowers; IES Global B.V. and International Equipment Solutions LLC as guarantors; Bank of America, N.A. as administrative agent, and a syndicate of lenders party thereto. The term loan facilities were guaranteed by CWS Industries (MFG) Corp., a wholly owned Canadian subsidiary of I.E.S. Global B.V.
International Equipment Solutions, LLC is a global engineered equipment company serving a wide range of markets including industrial, construction, agriculture, landscaping, infrastructure, aviation, recycling, demolition, mining and energy.
Bank of America, N.A. was represented in Canada by Norton Rose Fulbright Canada LLP with a team of David Amato, Barry Segal, Aditya Rebbapragada and Amanda Plastina; and in the United States by Fried, Frank, Harris, Shriver & Jacobson LLP with a team of Viktor Okasmaa, Andrea Steeves, Emanuel Clark and Jared Bryant.
International Equipment Solutions LLC, I.E.S. Global B.V. and their subsidiaries were represented in Ontario and British Columbia by Goodmans LLP with a team of David Wiseman, Maria Davidson, Ada Ho and Sarah Harper; and in Alberta by Herb Zechel of Dentons Canada LLP; and in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team of Thomas de la Bastide III, Albab Dabela and Soo-ah Nah.