Bank of America, N.A.

Bank of America in its US$1.085 billion term loans to fund HBC's acquisition of Galeria Kaufhof

Client

Bank of America, N.A.

Value

US$1.085 billion

Service

Corporate Lending

Date Closed

September 2015

Industry

Retail

Lead Office

Toronto


 

On September 30, 2015, Hudson's Bay Company (HBC) announced the closing of a US$1.085 billion senior secured term loan facility provided by a syndicate of lenders led by Bank of America, N.A. (Term Agent). The proceeds of the term loans were used to facilitate HBC's acquisition of Galeria Kaufhof GmbH ("Galeria Kaufhof") and certain of its affiliates.

Galeria Kaufhof is the operator of the largest department store chain in Germany.

Osler represented Bank of America, N.A. as Canadian counsel with a team consisting of Kevin Morley (Financial Services), Gregory Wylie (Taxation), and Jason Pearlstein (Financial Services).


Team
Kevin J. Morley
Key Contact

Kevin J. Morley

Partner, Financial Services

Gregory  Wylie

Gregory Wylie

Partner, Taxation