Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Oaktree Capital Closes Ashford Hospitality Financing
- Client News
- January 15, 2021
Paul, Weiss advised funds managed by Oaktree Capital Management, L.P. in its $200 million senior secured term loan to Ashford Hospitality Trust, Inc., a real estate investment trust investing predominantly in upper upscale, full-service hotels. The term loan includes a $250 million delayed draw commitment, allowing the aggregate amount of borrowings to increase to $450 million, if requested.
The Paul, Weiss team included, among others, corporate partner Kenneth Schneider; real estate partner Salvatore Gogliormella; tax partner Robert Holo; litigation partner Gregory Laufer; restructuring partner Brian Hermann; intellectual property partner Claudine Meredith-Goujon; and environmental counsel William O'Brien.