Phenna Group Completes Term Loan B Add-On

Paul, Weiss advised Oakley Capital and its portfolio company Phenna Group, a leading testing, inspection, certification and compliance platform, in connection with Phenna’s Term Loan B (TLB) add-on, creating a €1.065 billion pro forma tranche size. The transaction is the largest-ever single-B euro TLB add-on priced above par. The financing achieved the tightest-ever margin of a single-B euro TLB add-on priced above par.

The Paul, Weiss team was led by corporate partners Kanesh Balasubramaniam and Neel Sachdev, and associates James Lee and Alexander Aristides.