GOBP Holdings’ $1 Billion Financing

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

Involved fees earner: Maeve Chandler – Shearman & Sterling; Frank Oliver – Shearman & Sterling; Maura O’Sullivan – Shearman & Sterling; Nathan Wood – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Morgan Stanley Senior Funding, Inc.;