Kramer Levin Advises Lead Arrangers in Veritas Capital and Guidehouse LLP’s Acquisition of Navigant Consulting Inc.

Kramer Levin represented (a) RBC Capital Markets, UBS Securities LLC, Macquarie Capital (USA) Inc., Credit Suisse Loan Funding LLC, and Chain Bridge Opportunistic Funding LLC as lead arrangers, (b) Royal Bank of Canada, UBS AG, Stamford Branch, Macquarie Capital Funding LLC, Credit Suisse AG and Chain Bridge as initial lenders and (c) Royal Bank of Canada as administrative agent and collateral agent in connection with a committed financing for the acquisition of Navigant Consulting Inc. by Veritas Capital and Guidehouse LLP in a transaction valued at approximately $1.1 billion. The financing includes loan commitments for a $75 million revolving credit facility, a $640 million first-lien term loan and a $200 million second-lien term loan. Navigant is a specialized professional services firm with clients primarily in the healthcare, energy and financial services industries. Guidehouse, a Veritas portfolio company, is a leading provider of management consulting and strategic advisory services to government clients. The deal was announced on Aug. 2, 2019 and completed on Oct. 11, 2019.