Paul Hastings Advised Financing Sources in $1.175 Billion of Debt Financings to Finance S&S Activewear’s Acquisition of alphabroder

Paul Hastings LLP advised the initial purchasers in connection with S&S Activewear’s offering of $600 million aggregate principal amount of 8.375% Senior Secured Notes due 2031. Paul Hastings also advised the administrative agent and lead arrangers in providing a $575 million term loan facility for S&S Activewear. Proceeds from the $1.175 billion aggregate financing were used by S&S Activewear, a CD&R portfolio company, in connection with its acquisition of alphabroder. S&S Activewear is a leading technology-enabled distributor of apparel and accessories. alphabroder is a leading distributor of trade, retail, apparel brands and branded products.

Partner Josh Zelig led the Paul Hastings team, which also included partner Stephen Gruendel and associates Cara Armani, Andrew Barondess, Emily Entwistle, Monica Han, Stephen Self, and Ellen Lee.

More details on the transaction can be found here.

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