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Goldman Sachs Leads Greenhill $300MM Term Loan Financing

September 26, 2017

Greenhill launched a leveraged recapitalization to put in place a capital structure designed to enhance long-term shareholder value in the context of its current equity valuation, current tax rates and current opportunities in the credit market. The plan is intended to reduce taxes, increase earnings per share and increase employee alignment with shareholders, while offering those wishing to monetize their shares a significant opportunity for liquidity at a premium to the current share price.

The initial step in the recapitalization is to borrow $300 million under a term loan B (TLB) structure. Goldman Sachs has been engaged to lead the syndication of, and has underwritten, this financing.

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