Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., as administrative agent, on a $1 billion financing for GOBP Holdings, Inc., as borrower, consisting of (i) a $750 million senior term loan facility, (ii) a $150 million subordinated term loan facility and (iii) a $100 million revolving credit facility to repay the borrower’s existing debt, to pay a dividend to the borrower’s parent entity and for general corporate purposes.
The deal was sponsored by Hellman & Friedman LLC.
GOBP Holdings, Inc., the parent of Grocery Outlet Inc., operates grocery stores and is based in Berkeley, California.
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc. with a team including Maura O’Sullivan (Picture), Nathan Wood, Frank Oliver and Maeve Chandler
Law Firms: Shearman & Sterling;
Clients: Morgan Stanley Senior Funding, Inc.;