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Paul, Weiss advised a cross-holder ad hoc group in Oregon Tool, Inc., a global leader and manufacturer of professional-grade cutting tools, in three financing transactions by the company. As a result of the transactions, Oregon Tool increased its liquidity by $150 million, reduced pre-transaction debt by over $75 million, and extended maturities dates to the fourth quarter of 2029.

Following the transactions, which were supported by a substantial majority of the capital structure, Oregon Tool expects to make one or more exchange offers to additional holders of existing terms loans and existing unsecured notes.

The Paul, Weiss team was led by restructuring partner Brian Bolin and corporate partner Sung Pak, and included corporate partner David Huntington; tax partner Robert Holo; and executive compensation counsel Jake Glazeski.