Page ContentOn February 14, 2006, an investor group led by Apollo Management, LP, Silver Point Capital, LP and National Realty&Development Corp. completed their acquisition of Linens ’N Things, one of the leading, national, large-format retailers of home textiles, housewares and decorative home accessories. As a part of the going-private transaction, the investor group completed a US$600 million cross-border, asset-based, working capital financing. The new ABL facilities were provided by a syndicate of lenders led by UBS AG, Stamford Branch, as administrative agent and US co-collateral agent, Wachovia Bank, National Association, as US co-collateral agent, Wachovia Capital Finance Corporation (Canada), as Canadian administrative agent and Canadian co-collateral agent, and UBS AG Canada Branch, as Canadian co-collateral agent. Bear, Stearns&Co. Inc. and the CIT Group/Business Credit, Inc. were co-syndication agents. Borden Ladner Gervais LLP was Canadian counsel to the borrowers with a team that included Stephen Redican, Gus Karantzoulis, David Whelan and Don Bird (financial services), Stephen Heller (tax), Adam Fanaki (competition) and Andrew Harrison (pensions).