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

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

Through the recapitalization, Vialto is obtaining a $225 million equity investment from its existing equity sponsor and a junior lender, and is reducing its existing debt load by approximately $700 million. As part of the transaction, Vialto has also agreed with its first-lien lenders on modifications to the terms of its underlying debt obligations. The transaction is expected to close in the first quarter of 2025, subject to certain regulatory approvals, definitive documentation and the satisfaction of other customary closing conditions.

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

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

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