Powered by

Paul Hastings: Bumble Bee Receives $200 Million Credit Facility From Wells Fargo

Nov 25, 2019 - Targeted News Service

Paul Hastings, a law firm, issued the following news:

Paul Hastings LLP, a leading global law firm, announced today that it is representing Wells Fargo as Administrative Agent on a $200 million asset-based revolving credit facility for Bumble Bee Foods. The loan will be used to fund Bumble Bee's Chapter 11 bankruptcy proceedings, of which Wells Fargo is also involved as First Lien Lender.

As part of the Chapter 11 proceedings, Bumble Bee has reached an agreement to sell its assets to...