US Salt, LLC’s $55 million second lien financing


Ropes & Gray represented Benefit Street Partners LLC in connection with a $55 million second lien financing to US Salt, LLC, a leading producer of salt products for industries, farms and homes in the Americas.

The transaction closed on December 1.

Benefit Street Partners L.L.C. is an investment firm. The firm, led by Thomas J. Gahan, Richard J. Byrne, Saahil Mahajan, Ryan S. Barrows and Ray Costa also makes private equity investments and investments in commercial real estate.

The Ropes & Gray team was led by finance partner Joanne De Silva and finance associates Stephen Kruse, Jay Curran and Sara Shahmiri.

Involved fees earner: Joanne De Silva – Ropes & Gray; Stephen Kruse – Ropes & Gray; Jay Curran – Ropes & Gray; Sara Shahmiri – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Benefit Street Partners LLC;

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Author: Ambrogio Visconti