NEWS
BofA Merrill Lynch, Wells Fargo Securities LLC and Other Major Banks Provide $5.1 Billion Financing for Bass Pro Shops’ Acquisition of Cabela’s
October 03, 2016
NEW YORK – Paul Hastings LLP, a leading global law firm, represented BofA Merrill Lynch, Wells Fargo Securities LLC, Wells Fargo Bank, National Association, Citigroup Global Markets Inc., Goldman Sachs Lending Partners LLC, RBC Capital Markets and UBS Securities LLC, as the lead arrangers for committed financings of over $5.0 billion in the aggregate consisting of term loan and asset-based facilities in connection with a definitive agreement by Bass Pro Group, LLC to acquire Cabela’s Incorporated for $65.50 per share in cash representing approximately $5.5 billion in transaction value. In connection with this transaction, Bass Pro Group, LLC has secured a preferred financing commitment of approximately $2.4 billion and Cabela’s Incorporated will sell certain assets of World’s Foremost Bank to Capital One, National Association.
The Paul Hastings team was led by Leveraged Finance partner John Cobb, plus partners Jennifer Yount, Michael Baker, Peter Burke, Jennifer Hildebrandt, Michael Chernick, Michele Cohen, Mario Ippolito and Sanjay Thapar, in addition to of counsels Benjamin Cheng and Lesley Janzen, and associates Shekhar Kumar, Marisa Sotomayor and Mitchell Zuckerman.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.
Practice Areas
Leveraged & Syndicated Lending
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Becca Hatton