Debevoise Advises American Seafoods in Deleveraging Recapitalization Transaction

24 August 2015

Debevoise & Plimpton LLP advised American Seafoods (“the Company”), the largest harvester of wild-caught fish for human consumption in the United States, in its completed deleveraging recapitalization.

The transaction i‎ncluded equity investments by Bregal Partners, as well as Pacific Seafood Group‎ and other industry investors, and it includes a significant equity capital infusion and a refinancing of the Company’s outstanding debt.  The deleveraging recapitalization significantly reduces the Company’s indebtedness, establishes stable, long-term financing, and provides the Company with a patient and strategic investor base, strengthening its position as a leading provider of sustainable seafood products.

American Seafoods harvests and processes a variety of fish species aboard its sophisticated catcher-processor vessels and distributes its products to a diverse group of customers globally.

The Debevoise team is led by partners Richard F. Hahn and Paul M. Rodel and includes partners Sarah A.W. Fitts, Peter A. Furci, Joseph P. Moodhe and Scott B. Selinger, counsel Craig A. Bruens and associates Manuel Andres Giner, Adria S. Gulizia, Eric T. Juergens, Shawn W.K. Lim, Conor J. McCormick, Steven H. Miller, Kamal Nesfield, Brett M. Novick, Jarrod L. Schaeffer and JoAnna C. Tsoumpas.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.