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Allen & Overy advises the joint lead arrangers on financing for CoolSys, Inc., an Ares portfolio company

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Gupta Rajani
Rajani Gupta

Partner

New York

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Yan Penelope
Penelope Yan

Associate

New York

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22 November 2019

Allen & Overy has advised the joint lead arrangers, joint bookrunners, and administrative agent on the USD310 million refinancing of debt incurred to finance the acquisition of CoolSys, Inc., by Ares Management Corporation. 

Allen & Overy advises the joint lead arrangers on financing for CoolSys, Inc., an Ares portfolio company

CoolSys is a leading provider of maintenance, repair, and installation services for refrigeration and HVAC systems in the United States.

Ares Management is one of the largest global alternative asset managers, with three complementary and market leading investment groups in credit, private equity and real estate. This is the fourth transaction for which Allen & Overy has advised on a deal involving Ares Management or an Ares affiliate in 2019. 

The Allen & Overy leveraged finance team was led by New York partner Rajani Gupta and associate Zachary Frimet, with support from Penelope Yan and Eric Olson.

The transaction closed on November 22, 2019.

For further information, please contact Kris Cole at kcole@prosek.com or +1 (310) 652-1411.