Canada advises Bank of America on US$2.5bn acquisition financing of Advantage Sales & Marketing Inc.

Canada | December 03, 2020

Client: Bank of America

Our Montreal and Toronto offices acted as Canadian counsel to Bank of America, as agent and as a lender, in a US$1.325bn first lien term loan facility and US$400m senior secured asset-based revolving credit facility made in favour of Advantage Sales & Marketing Inc. Norton Rose Fulbright also acted for Bank of America, as purchaser, on a US$775m senior secured notes offering issued by Advantage Sales & Marketing Inc.

The financings were used to finance the acquisition of Advantage Sales & Marketing Inc. by Conyers Park and for general working capital purposes.

Advantage Solutions is a leading business solutions provider committed to driving growth for consumer goods manufacturers and retailers.

The team included Arnold Cohen (lead partner, Montreal), Paul Fitzgerald, Barry Segal, Noah Schein and Sean Williamson (Toronto).