Dechert Advises Fortress Credit Corp. in US$500 Million Senior Secured Credit Facility for Blue Raven Solutions
Dechert advised Fortress Credit Corp. (Fortress), a leading American multi-manager investment firm based in New York City, in connection with a US$500 million senior secured credit facility for Blue Raven Solutions, LLC (Blue Raven).
The financing consists of a US$450 million term loan and a US$50 million revolving credit facility aimed at refinancing existing indebtedness and simplifying the company’s capital structure. Fortress served as admin agent and sole arranger on the credit facility.
Blue Raven, a portfolio company of AE Industrial Partners, provides tech-enabled, scalable supply chain management solutions to original equipment manufacturer partners, and government, commercial aerospace and defense organizations.
The Dechert team that advised Fortress Credit Corp. included global finance partners Eliot Relles and William Robertson along with associates Remy Lotero and Julia de Caralt; national security partner Hrishikesh Hari; tax partner Craig Cohen; and intellectual property associate Frank Hwang.
About Dechert
Dechert is the law firm that helps business leaders lead.
For more than 150 years, we have advised clients on critical issues – from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our lawyers in commercial centers worldwide are immersed in the key sectors we serve – financial services, private capital, real estate, life sciences and technology.
Dechert delivers unwavering partnership so our clients can achieve unprecedented results.