Olshan Represents Steel Partners Holdings L.P. in $600 Million Refinancing

Firm News

Corporate attorneys Jason Saltsberg, Claudia Dubón, and law clerk Dakota Forsyth represented Steel Partners Holdings L.P., a diversified global holding company, in a major refinancing that will provide Steel Partners with enhanced liquidity and added flexibility for the company’s continued growth.  The amended and extended credit agreement, led by PNC Bank, National Association as administrative agent, is a five-year $600 million revolving credit facility which covers substantially all SPLP entities, with the exception of Steel Partners’ WebBank subsidiary. Additionally, Steel Partners is permitted, under certain circumstances, to increase the facility by at least $300 million.

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