Bass Pro's Asset-Based Revolving Credit Amplified to $1.2 Billion
Deal News | Feb 05, 2025 | Paul Hastings
Paul Hastings LLP, a distinguished law firm, recently provided legal counsel to Bank of America, N.A., Royal Bank of Canada, Goldman Sachs Bank USA, and other financial institutions regarding a $1.2 billion asset-based revolving credit facility for Bass Pro, a prominent sporting goods retailer. This credit facility constitutes part of a larger financial package totaling $6 billion, comprising both a term loan and asset-based revolving facility. The legal team at Paul Hastings was spearheaded by Global Finance co-chairs Jennifer Yount and John Cobb, along with several associates and partners. Known for their cross-disciplinary expertise, Paul Hastings is highly regarded for offering strategic legal solutions globally. This transaction underscores their commitment to facilitating complex financial structures for major investment banks and corporations.
Sectors
- Legal Services
- Financial Services
- Retail
Geography
- United States – The transaction involves U.S.-based legal and financial entities like Paul Hastings and Bank of America, indicating the relevance of the United States.
Industry
- Legal Services – Paul Hastings LLP provided legal advisory services, highlighting the involvement of the legal industry in financial transactions.
- Financial Services – The article involves major financial institutions like Bank of America, indicating the role of the financial services sector in providing credit facilities.
- Retail – Bass Pro, a sporting goods retailer, is the recipient of the credit facility, signifying the retail industry's interaction with financial services.
Financials
- $1.2 Billion – The value of the asset-based revolving credit facility secured by Bass Pro.
- $6 Billion – The total amount of the term loan and asset-based revolving facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm providing legal counsel for the credit facility arrangement. |
| Bank of America, N.A. | Leading Bank | Company | A major financial institution involved in the credit facility. |
| Royal Bank of Canada | Participant Bank | Company | One of the syndicates of banks in the credit facility. |
| Goldman Sachs Bank USA | Participant Bank | Company | Part of the syndicate providing the credit facility. |
| Bass Pro | Borrower | Company | The sporting goods retailer receiving the $1.2 billion credit facility. |