Advising Ares Management regarding USD 120 million financing agreement with Teligent

10.04.2019 Advising Ares Management regarding USD 120 million financing agreement with Teligent

TGS Baltic's team, led by Partner Sander Kärson, advised Ares Management, a global alternative asset manager, on Estonian law matters for a USD 120 million financing agreement with Teligent, Inc., a U.S. Nasdaq-listed specialty generic pharmaceutical company active in the United States, Canada and Estonia.

TGS Baltic advised ACF Finco I LP, a limited partnership affiliated with Ares Management Corporation, in its capacity as administrative agent for the first lien revolving credit agreement, and Ares Capital Corporation in its capacity as administrative agent for the second lien credit agreement, in connection with a security package for Teligent OÜ, an Estonian subsidiary of Teligent, Inc.

Ares Management Corporation is one of the largest global alternative asset managers, with three complementary and market leading investment groups: credit, private equity and real estate. https://www.aresmgmt.com/

Teligent, Inc. is a developer, manufacturer and marketer of pharmaceutical products for use by doctors and patients in the United States and Canada. The dynamic group of about 200 employees has offices in New Jersey, Toronto, Montreal and Tallinn. http://www.teligent.com/

On the same topic

Marketwatch: Teligent, Inc. Executes $120 Million Financing Agreement
Teligent press release: Teligent, Inc. Executes $120 Million Financing Agreement

Lawyers

Sander Kärson
Marko Kairjak
Mirko Kikkamägi