January 30, 2024
Weil advised OMERS Private Equity and its portfolio companies The Kenan Advantage Group and Kenan Canada, a tank truck transporter and logistics provider, in approximately $1.56 billion of U.S. and Canadian Term B-3 and B-2 loans, respectively, as well as incremental U.S. Revolving Credit Commitments, all with a maturity date on January 25, 2029. The use of the proceeds will be used to repay all outstanding indebtedness, working capital needs and for general corporate purposes.
The Weil deal team was led by Banking & Finance Co-Head Andrew Colao and associates Kaitlin Bond, Becky Lange and Hye-Jin Kim, as well as Private Equity partner Timothy Burns and associate James Pierre-Louis.