Counsel to Steering Committee of Senior Lenders and Deutsche Bank Trust Company Americas

IAP Worldwide Services, Inc.

Our attorneys represented the steering committee of senior lenders and Deutsche Bank Trust Company Americas, in its capacity as administrative agent under a $375 million First Lien Credit Agreement extended to IAP Worldwide Services, Inc. (IAP). Actively representing the agent and first lien steering committee (Eaton Vance, Invesco, Oppenheimer and Credit Suisse Asset Management) in ongoing restructuring negotiations with the borrower, the equity sponsor, Cerberus Capital Management, and lenders under a $137 million second lien facility. IAP is a provider of services to the US government in the defense industry.

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