Dynamic Paint Products enters into a US$70M Credit Agreement

Dynamic Paint Products, Inc. and certain of its US and Canadian subsidiaries entered into a Credit Agreement providing for a US$70 million revolving asset-based credit facility agented by Regions Bank. Dynamic Paint Products Inc. was founded in 1974 and since then has grown the brand across Canada and the US and greatly expanded its product offering. In 2014 Dynamic was acquired by the Merit Distribution Group and became a wholly owned subsidiary. As part of the Merit Distribution Group, Dynamic is part of the largest distributor of paint accessories in North America and is a recognized leader in the paint industry.

Norton Rose Fulbright Canada LLP represented Regions Bank in Canada with a Toronto-based team consisting of David Amato and Russell Dufault. Parker, Hudson, Rainer & Dobbs LLP represented Regions Bank in the US, with an Atlanta-based team consisting of Bobbi Acord Noland, Kathleen Currey and Kelley Gas.

McMillan LLP represented Dynamic in Canada with a Toronto-based team comprising Todd Miller, Brett Stewart, Michelle Boodhoo and Anthony Pallotta.

Honigman LLP represented Dynamic in the US with a team comprising Nola Garcia and Claire Ziegeler in Detroit, and René Ghadimi in Chicago.