Bright Bidco $240 Million Incremental Term Loan Facility

Davis Polk advised the lead arrangers and the administrative agent in connection with a $240 million incremental term loan facility for Bright Bidco B.V., which was implemented together with certain amendments to the credit agreement to, among other things, permit a dividend or distribution of the net proceeds of the incremental term loans.

Bright Bidco B.V. is a portfolio company of Apollo Global Management, LLC and wholly owns Lumileds Holding B.V., a supplier of lighting components to the general illumination, automotive and consumer electronics markets with operations in more than 30 countries. Apollo Global Management, LLC is a global investment manager with assets under management of approximately $189 billion in private equity, credit and real estate funds.

The Davis Polk credit team included partner Jason Kyrwood and associates Sanders Witkow and Sang Hun Lee. Partner Rachel D. Kleinberg and associate K. Daniel Berman provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.