Draken in Refinancing of Existing Senior Term and Revolving Credit Facilities

Cleary Gottlieb represented Draken, a Blackstone Inc. portfolio company, in the raising of new unitranche and revolving facilities in connection with their refinancing of existing senior term and revolving credit facilities and financing future growth.

Draken is a leading provider of world-class operational readiness training and special mission support. With bases in the UK and the U.S., Draken trains warfighters to fight and win in an increasingly contested and interconnected environment. Draken’s majority shareholder is Blackstone Inc.

The Cleary leveraged finance team includes partners Alexander van der Gaag and Ed Aldred, and associates Pritika Advani and Shu Qin Low. Partners Richard Sultman and Meyer Fedida advised on tax matters. Partner Matt Mao advised on U.S. financing matters. Partner Chris Gollop advised on corporate matters.