We advised the lender on the financing

Davis Polk advised the lender in connection with a $60 million holdco PIK facility provided to a sponsor-backed HVAC, plumbing and home services company. The financing consists of a $20 million initial term loan facility, a $10 million delayed draw term loan A facility and a $30 million delayed draw term loan B facility.

The Davis Polk finance team included partner Zachary R. Frimet and associate Zach Strother. The investment management team included partner Michael S. Hong, counsel Krishnakshi (Kris) Das and associate Caroline R. Zhang. Members of the Davis Polk team are based in the New York and Northern California offices.

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