"NEP Group Secures $700 Million Investment and Completes Debt Refinancing"

"NEP Group has secured a US$700 million equity investment led by 26North Partners LP, with participation from existing sponsor Carlyle, who remains the largest shareholder. The company also completed a significant debt refinancing, resulting in extended maturities and improved financial terms. NEP's new credit facilities include a US$1.45 billion senior secured term loan, a €360 million senior secured term loan, and a US$300 million revolving credit facility. Latham & Watkins LLP provided legal representation for these transactions."

Latham & Watkins LLP represented NEP Group in a significant transaction involving a US$700 million equity investment and a comprehensive debt refinancing. The transaction was led by 26North Partners LP, with participation from Carlyle, NEP's existing sponsor, who will continue as the largest shareholder. The debt refinancing resulted in extended maturities and significant improvements to NEP's credit facilities, which now include a US$1.45 billion senior secured term loan, a €360 million senior secured term loan, and a US$300 million revolving credit facility. The legal team from Latham & Watkins LLP included Washington, D.C. partners Patrick Shannon and Christopher Clark from the Capital Markets team, along with associates Lucas Balchun, Emily Marshall, Claudia Dubay, and Wyatt Wisnosky. Additionally, the Private Equity Finance team was represented by partners Jeff Chenard and Manu Gayatrinath, also based in Washington, D.C., with associates Shane Alexander, Laura Edwards, Kate Prezioso, and Drew Weisberg. New York partner John Sobolewski also provided advice during the transaction.

"NEP Group Secures $700 Million Investment and Completes Debt Refinancing"

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