Dechert LLP

01/15/2025 | Press release | Distributed by Public on 01/15/2025 09:40

Dechert Advises Fortress Credit Corp. on Financing for Strategic Value Partners’ Acquisition of Revelyst

Dechert advised Fortress Credit Corp. (Fortress) and a syndicate of other co-lenders on a US$450 million term loan facility provided to Olibre Borrower LLC and Olibre Holdco LLC. The loan proceeds were used to finance Strategic Value Partners' US$1.25 billion take-private acquisition of Revelyst, a former subsidiary of Vista Outdoors.

Strategic Value Partners is a global investment firm that specializes in unlocking value in complex and distressed situations. Revelyst is a U.S.-based company that owns a portfolio of well-known brands in performance gear and precision technologies, including Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak and Simms Fishing.

The Dechert team that advised Fortress included global finance partners Eliot Relles, William Robertson and Soo-ah Nah, along with associate Remy Lotero.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.