Eric Klar

Debt Finance

• Representation of a large global financial institution, as lead arranger, administrative agent, and lender, in connection with a senior secured facility made available to finance the acquisition of a global designer and manufacturer of thermal systems by a private equity firm The financing involved a US$515 million first lien term loan facility and a US$50 million revolving credit facility.
• Representation of a private credit lender, as administrative agent, in the refinancing of existing credit facilities. This financing included Term B Loans in the aggregate principal amount of US$260 million, delayed draw term loan commitments in the aggregate principal amount of US$100 million, and Revolving Credit Commitments in the aggregate principal amount of US$40 million.
• Representation of a private credit lender, as administrative agent and lead arranger, and the other lenders party thereto, in connection with the establishment of a secured term loan credit facility and revolving credit facility. The financing involved a US$570 million term B loan and a US$75 million revolving credit commitment, with the proceeds thereof used to consummate the acquisition of the borrower by private equity firms, finance working capital and general corporate purposes, consummate a refinancing and pay fees and expenses.
• Representation of Barings Finance LLC, as administrative agent, collateral agent and a lead arranger in connection with a debt financing provided for the acquisition of NextGen Healthcare by Thoma Bravo. The financing involved a senior secured term loan facility, a senior secured non-amortizing revolving credit facility and a senior secured delayed draw term loan facility.
• Representation of a private credit lender, as administrative agent, collateral agent, and lender, in connection with the establishment of a US$310 million senior secured credit facility, composed of a US$275 million term loan facility and a US$35 million revolving credit facility. The proceeds at closing were used to finance the acquisition of the borrower by a private equity firm.
• Representation of a private credit lender, as administrative agent, collateral agent, and lender, in connection with a US$70 million credit facility used to finance the acquisition of the borrower by a private equity firm. The credit facility consisted of a US$55 million term loan and a US$15 million revolving credit facility.
• Representation of Truist Bank, as administrative agent, collateral agent, an issuing bank and swing line lender, in connection with the extension of a senior secured credit facility in an aggregate principal amount of US$905 million for Priority Technology Holdings, comprised of a US$835 million term loan facility and a US$70 million revolving credit facility. Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels.
• Representation of DigitalBridge Credit, as lender, in connection with an initial term loan of US$50 million and a delayed draw term loan of up to US$50 million for Surf Internet, LLC. The proceeds were used to consummate a refinancing, to fund the development and expansion of certain fiber networks and to fund working capital requirements.
• Representation of Jefferies Finance LLC, as administrative agent and fronting lender, in connection with the US$1.125 billion refinancing of an existing first lien credit facility for Access CIG LLC.

Data Centers

• Representation of Vantage Data Centers, as borrower, in connection with a US$3 billion multi-asset based revolving credit facility. The financing will be used to fund the ongoing development of Vantage’s North America data center platform.
• Representation of a leading global provider of data center campuses, as borrower, in connection with a US$120 million senior secured multi-draw term loan facility, the proceeds of which will be used to finance the construction of a data center in Canada.
• Representation of a leading global provider of data center campuses, as borrower, in connection with a 364-day Bridge Loan Financing. The financing involved a delayed draw term loan of US$300 million with a US$50 million incremental facility. The proceeds of the loan will be used to fund ongoing uncommitted operations and capital expenditures, fund development, construction and acquisition costs, fund general corporate and working capital requirements and pay transaction costs.
• Representation of a leading global provider of data center campuses, as borrower, in connection a US$130 million amended and restated loan facility, with Société Générale as Administrative Agent, to finance construction of a data center in Canada.
• Representation of a leading global provider of data center campuses, as borrower, in connection with a US$300 million facility used to finance the construction of a data center project in Arizona.
• Representation of a leading global provider of data center campuses, as borrower, with respect to a US$200 million term loan, the proceeds of which will be used to finance development and construction costs on 400MW of identified near-term data center assets, to fund ongoing operations and capital expenditures, to fund development, construction and acquisition costs of existing and future pipeline projects and to pay transaction costs.
• Representation of a leading global provider of data center campuses, as borrower, in connection with a US$350 million term loan facility to finance a construction of a data center project in California.
• Representation of a leading global provider of data center campuses, as borrower, with respect to a US$280 million financing of a data center construction project in California.
• Representation of the administrative agent, collateral agent, and lender, in connection with a US$350 million delayed draw term loan facility, the proceeds of which will be used to finance construction of a data center located in Northern Virginia. 
• Representation of a private credit lender in connection with a US$121 million term loan, the proceeds of which were used to finance the acquisition of a data center.