We advised an ad hoc group of first-lien lenders in connection with the transaction

Davis Polk advised an ad hoc group of first-lien term lenders in connection with a recapitalization of Vialto Partners.

Through the recapitalization, Vialto obtained a $225 million equity investment from its existing financial sponsor and existing lender and reduced its existing debt load by approximately $550 million. As part of the transaction, Vialto also agreed to certain modifications to the terms of the underlying debt documents.

Vialto is a multinational provider of global mobility, tax and immigration solutions.

The Davis Polk restructuring team included partners Damian S. Schaible and David Schiff, counsel Stephen D. Piraino and associates Stephen Ford, Motty (Mordechai) Rivkin and Kyle Kreider. The finance team included partners David Hahn and Nick Benham, counsel Andrei Takhteyev and associates Kendra L. Sandidge and Renee G. Levin. Members of the Davis Polk team are based in the New York and London offices.

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