Davis Polk advised the placement agent in a private placement of $211 million of preferred shares of Pike Group, Inc. and the administrative agent in connection with a $520 million first-lien senior secured term loan facility, a $100 million first-lien revolving credit facility and a $100 million second-lien term loan facility provided to Pike Corporation. The proceeds of the offering and loans will be used to partially fund the acquisition of a controlling stake in the Pike Corporation from Court Square.

Pike Corporation is one of the largest providers of energy infrastructure solutions to utilities in the United States. Its comprehensive services include facilities planning and siting, permitting, engineering, design, installation, maintenance and repair of electric and communication infrastructure.

The Davis Polk capital markets team included partner Michael Kaplan and associate Joseph S. Payne. The financing team included partner Jason Kyrwood and associates Jeong M. Oh and Ilona C. Potiha. Associate Lena X. Qiu provided tax advice. Associate Michael Comstock provided environmental advice. Counsel David Mollo-Christensen provided employment and benefits advice. Counsel Susan D. Kennedy and associate Cameron W. Ormsby provided real estate advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post