23 04 2016

Vista Outdoor secures $1.04 Billion Financing for the Acquisition of Action Sports Business

Shearman & Sterling advised Bank of America, N.A., as administrative agent, and the lenders in a $1.04 billion senior secured financing in connection with the acquisition of the Action Sports division from BRG Sports, Inc. by Vista Outdoor Inc., consisting of a $640 million term loan A facility and a $400 million revolving credit facility.


Vista Outdoor Inc., together with its subsidiaries, designs, manufactures, and markets consumer products for the outdoor sports and recreation markets in the United States and internationally. The company, led by Mark W. DeYoung, Stephen M. Nolan, Scott D. Chaplin and Stephen S. Clark is based in Clearfield (UT). The Shearman & Sterling team included partners JD DeSantis (New York-Finance/Capital Markets) and Malcolm Montgomery (New York-Real Estate), associates Andrea Steeves (New York-Finance), Scott Johnsson (New York-Corporate) and Sean Kelly (New York-Corporate), trainee Brittany Roger (New York-Finance) and specialist Todd Matthias (New York-Real Estate). Involved fees earner: Jonathan DeSantis - Shearman & Sterling; Andrea Steeves - Shearman & Sterling; Malcolm Montgomery - Shearman & Sterling; Todd Matthias - Shearman & Sterling; Scott Johnsson - Shearman & Sterling;

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