Fusion’s Senior Secured First Lien and Second Lien Credit Facilities

Cravath represented Goldman Sachs Lending Partners LLC, as arranger and syndication agent, in connection with the arrangement of a $555 million first lien term loan facility, a $40 million first lien revolving credit facility and an $85 million second lien term loan facility made available to Fusion Connect, Inc., a leading provider of integrated cloud communications, connectivity and cloud computing solutions. The term loan facilities will be used to refinance existing indebtedness and to finance the acquisition of Birch Communications Holdings, Inc., and the revolving credit facility will be used for working capital and other general corporate purposes. The transactions closed on May 4, 2018.

The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates DongHwa Kim and Michael W. Fahner on banking matters, associate Leon B. Dalezman on tax matters, and associates Peretz Riesenberg and Alison E. Beskin on executive compensation and benefits matters.