Champion Home Builders’ $100 Million Financing

Paul Hastings LLP represented Citizens Bank, N.A., as administrative agent and Citizens Bank, N.A., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Jefferies Finance LLC and Wells Fargo Bank, N.A. as joint lead arrangers and joint bookrunners in connection with a $100 million revolving credit facility for Champion Home Builders, Inc. and its new parent company Skyline Champion Corporation.

Skyline Champion Corporation was formed via a merger between Champion Enterprises Holdings, LLC and Skyline Corporation and it is now the largest independent factory-built housing company in the United States with combined revenue of more than $1.3 billion and a leading portfolio of manufactured and modular homes, park-models and modular buildings for the multi-family, hospitality, senior and workforce housing sectors. Prior to the merger, Champion Home Builders, Inc. was majority owned by funds affiliated with Bain Capital Credit, Centerbridge Partners, L.P. and MAK Capital.

Leveraged Finance partner Mario Ippolito (Picture) led the Paul Hastings team, which also included partner Michael Baker and associates Mitchell Zuckerman, Matthew Bartlett and law clerk Victoria Luttman.

Involved fees earner: Mario Ippolito – Paul Hastings; Michael Baker – Paul Hastings; Mitchell G. Zuckerman – Paul Hastings; Matthew Bartlett – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Royal Bank of Canada; Wells Fargo; JPMorgan Chase & Co.; Citizens Bank; Jefferies Finance LLC;


Author: Ambrogio Visconti