Clayton Parker, David Baghdassarian and Christopher Tillson increased Brightstar's asset-based credit facility from $600 million to $1.32 billion and negotiated a $100 million letter of credit from banks led by Deutsche Bank.
July 24, 2013 at 07:00 PM
1 minute read
Dealmakers:David Baghdassarian, Clayton Parker and Christopher Tillson
The Deal: The K&L Gates legal team steered two financing transactions totaling $1.42 billion for wireless industry giant Brightstar Corp. last month. In the larger deal, Brightstar increased an existing senior secured asset-based credit facility from $600 million to $1.32 billion June 28. In the smaller transaction that closed June 10, Brightstar received a $100 million letter of credit from banks led by Deutsche Bank.
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