$2.6 Billion MacLean Power Systems Acquisition Financing

Davis Polk advised the joint lead arrangers, joint bookrunners and agents in connection with the debt financing provided to the acquirers of MacLean Power Systems to support Blackstone’s acquisition of the company. The transaction featured a $2.16 billion senior secured first‑lien credit facility provided to the acquirers of MacLean Power Systems. The financing package comprises a $2.01 billion term loan and a $150 million revolving credit facility, together with a $560 million junior secured second‑lien credit facility and a $100 million asset‑based lending facility. The facilities are being used to fund Blackstone’s acquisition of MacLean Power Systems. MacLean Power Systems, based in Fort Mill, South Carolina, is a manufacturer serving the electric utility, telecommunications and civil construction markets. The company employs over 1,600 people and operates multiple manufacturing facilities across North America. Blackstone is a global investment firm with approximately $1.2 trillion in assets under management across private equity, real estate, credit and other investment strategies. Davis Polk represented the joint lead arrangers, joint bookrunners and agents with a team composed by: partners Jason Kyrwood, Sanders Witkow, Zachary R. Frimet and David Hahn; counsel Ping Chi "Bobby" Yeh; and associates David Waldman, Duan Xu, Benjamin Glass, Patrick B. Fontana and Gabrielle McLymont. The Davis Polk finance team is based in the New York office.

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$2.6 Billion MacLean Power Systems Acquisition Financing

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$2.6 Billion MacLean Power Systems Acquisition Financing

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