Paul Hastings Advised Initial Purchasers in Jones Deslauriers/Navacord’s Follow-On Secured Notes Offering

Paul Hastings LLP advised BofA Securities, BMO Capital Markets, CIBC Capital Markets, KKR, MUFG, and TD Securities in connection with the offering of $500 million aggregate principal amount of 8.500% senior secured notes due 2030 by Jones DesLauriers Insurance Management Inc./Navacord Corp., a company controlled by private equity sponsor Madison Dearborn Partners and one of Canada’s fastest growing multi-line insurance brokers.

Having previously advised on the inaugural high-yield bond offering in December 2022, marking one of the few high-yield bonds to close in Q4 2022, this successful follow-on offering demonstrates the continued success of Paul Hastings’ cross-border capital market offerings.

The cross-office Paul Hastings team was led by New York partner John Cobb and London partner Max Kirchner, which also included associates Justin Zeizel, Ben Winnick, and Valmir Merkaj.

About Paul Hastings 

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.