Dayco Products, LLC and Dayco Canada Corp and certain of their subsidiaries located in the US and Canada (collectively, the Dayco Group) entered into a US$60-million asset-based revolving credit facility (5 year tenure). Bank of America, N.A., acted as Agent for the lending syndicate. The revolving facility was completed in conjunction with a term facility for which Bank of America, N.A. also acted as Agent.
Dayco is a leader in research and design, manufacturing and distributing of a broad range of belts, hose, tensioners and pulleys for the automotive, trucking, construction, agricultural and industrial markets.
Bank of America, N.A. was represented in Canada by Norton Rose Fulbright Canada LLP with a team including Arnold Cohen and Amanda Fortuna; and in the US by Cahill Gordon & Reindel LLP with a team including James Clark, Jennifer Ezring, Lindsay Flora and Rachel Gray.
The Dayco Group was represented in the US by Skadden, Arps, Slate, Meagher & Flom LLP with a team including Seth Jacobson, Gerard Martin and Alan Madison; and in Canada by Bennett Jones LLP with a team including Mark Rasile and David Rotchtin.
Dayco is a leader in research and design, manufacturing and distributing of a broad range of belts, hose, tensioners and pulleys for the automotive, trucking, construction, agricultural and industrial markets.
Bank of America, N.A. was represented in Canada by Norton Rose Fulbright Canada LLP with a team including Arnold Cohen and Amanda Fortuna; and in the US by Cahill Gordon & Reindel LLP with a team including James Clark, Jennifer Ezring, Lindsay Flora and Rachel Gray.
The Dayco Group was represented in the US by Skadden, Arps, Slate, Meagher & Flom LLP with a team including Seth Jacobson, Gerard Martin and Alan Madison; and in Canada by Bennett Jones LLP with a team including Mark Rasile and David Rotchtin.
Lawyer(s)
Firm(s)
Norton Rose Fulbright Canada LLP
Cahill Gordon & Reindel LLP
Skadden, Arps, Slate, Meagher & Flom LLP
Bennett Jones LLP