Orrick Advises POWDR on $300 Million Second Lien Secured Note Offering

July.30.2020

Orrick has advised POWDR, one of the largest ski resort operators in North America, and its various U.S. and Canadian subsidiaries in connection with its $300 million 144A second lien secured note offering. With most of its ski resorts closed since the middle of March due to “shelter in place” orders across the U.S. and uncertainty regarding the 2020/2021 ski season, POWDR sought to put in place long-term financing at a favorable interest rate to shore up its balance sheet and provide additional liquidity. 

Our team was led by Brett Cooper and Dolph Hellman, and included Lynne Hirata, Noel Pacheco, Tania Sweis, J.T. Ho, Chris Chavez, Louis Coppersmith, Thomas Joraanstad, Kimberly Loocke, Steve Malvey and Steve Lessard.