Mon 04/15/2024 13:20 PM
City Brewing’s liability management
transaction involves $115 million of new money in the form of a S+625 bps FLFO facility as well as double dip and intercompany loan features to incentivize participation and minimize holdouts, according to sources.
The deal structure tracks the themes of recent non-pro-rata LMEs, including GoTo, Rackspace, Apex Tool, Alvaria, among others, that exchange prices and new debt mixes are better for...
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