NEW YORK (July 20, 2011) — International law firm McDermott Will & Emery LLP today announced that it successfully represented Valassis Communications, Inc. (NYSE: VCI), one of the nation’s leading media and marketing services companies, in connection with the refinancing of its senior secured credit facility. Valassis obtained a $400 million senior secured credit facility arranged by J.P. Morgan, Merrill Lynch and Royal Bank of Scotland. The facilities consist of a $300 million Term Loan A and a $100 million revolving line of credit.
Headquartered in Livonia, Michigan, Valassis is one of the nation’s leading media and marketing services companies, offering broad reach and scale to more than 15,000 advertisers. The new credit facility, secured with the assistance of the McDermott transaction team, will provide Valassis with greater flexibility in certain circumstances to leverage their cash flow for the benefit of their shareholders.
“We are very pleased with the results we were able to achieve for Valassis Communications in this transaction,” said Amy S. Leder, lead McDermott partner for this matter. "This was a complex refinancing deal involving several major banks, and one that will have a positive impact on our client’s ability to grow and service their customers. Reaching across multiple financial disciplines, McDermott is focused on helping our clients successfully navigate today’s rapidly evolving financial landscape.”
In addition to Ms. Leder, the McDermott team included partners Amy Ferrer, Jonathan P. Rochwarger, Gary B. Rosenbaum, Adam Spiegel, Daphne W. Trotter and Daniel N. Zucker, with assistance from associates Michael S. Pilo and Bryan V. Swatt.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Silicon Valley and Washington, D.C. Extending our reach to Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.