Olshan Represents ModusLink Global Solutions, Inc. in Acquisition of IWCO Direct

Olshan represented client ModusLink Global Solutions, Inc. in connection with the financing for its $476 million acquisition of IWCO Direct, a leading provider of data-driven market solutions. The financing consisted of a $393 million term loan facility and a $25 million revolving credit facility with Cerberus Business Finance, LLC.  The remaining purchase price was funded through cash on hand.  In addition, ModusLink raised $35 million through the issuance of newly created Series C convertible preferred stock.  The Olshan team who represented ModusLink included Steve Wolosky, Ken Schlesinger, Jason Saltsberg, Elizabeth Gonzalez-Sussman, and Claudia Dubon. Law360 highlighted the ModusLink acquisition of IWCO Direct in its feature "Don't Miss It: Hot Deals & Firms We're Following This Week."