Kramer Levin Advises Lead Arrangers in Veritas Capital and Cambium Learning Group, Inc.’s Acquisition of Rosetta Stone Inc.

Kramer Levin represented RBC Capital Markets and other arrangers and Royal Bank of Canada as administrative agent and collateral agent in connection with a committed financing for the acquisition of Rosetta Stone Inc. a world leader in technology-based learning solutions by Veritas Capital and Cambium Learning Group, Inc. The financing package includes $450 million first-lien term loan, $25 million in revolving credit commitment and $125 million second-lien term loan. The deal was announced on Aug. 31, 2020 and completed on Oct. 15, 2020.