Kirkland Represents Initial Purchasers on $400 Million Issuance of Securitized Notes for DigitalBridge
Kirkland & Ellis advised the initial purchasers on a $300 million offering of Class A-2 secured fund fee revenue term notes by subsidiaries of DigitalBridge Group, Inc. (NYSE: DBRG). The financing also included the issuance of Class A-1 variable funding notes, which will allow the co-issuers to borrow up to $100 million on a revolving basis. The notes are secured by management fees earned from DigitalBridge’s digital infrastructure funds, along with certain equity interests in portfolio companies.
Read the transaction press release
The Kirkland team included structured finance lawyers Michael Urschel, Thomas Prommer, Suril Patel, Shuang Wu, Emma Tall, Kelli Johnson and Helen Huynh; and tax lawyer David Gilbert.
