Paul Hastings Advised Lenders and Noteholders on Latest Refinancing of Chicago Skyway

Paul Hastings LLP advised the lenders and noteholders in connection with the latest debt issuance by the Chicago Skyway. The bank/bond transaction included the refinancing of Skyway’s existing bank debt with a new $180 million term loan facility, a $66 million capex facility, and a $50.25 million revolving loan facility, as well as the issuance of a new series of $155 million senior notes due in 2033. The Skyway is a 7.8 mile-long toll bridge opened in 1958 that that connects the Indiana Toll Road to the Dan Ryan Expressway on Chicago's South Side.

Energy and Infrastructure co-chair Robert Freedman and Of Counsel Devin Lei co-led the Paul Hastings team, which also included associate Forrest Grossman.

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