Tue 08/30/2022 11:43 AM
Rodan + Fields is seeking to raise additional capital potentially collateralized with intellectual property being dropped down from the restricted group, after negotiations with an ad hoc group of term lenders yielded no deal due to a wide bid-ask gap, according to sources.
The multilevel marketing cosmetics company is working with Jefferies Group and has been reaching out to prospective investors, the sources said.
An ad hoc group of lenders to Rodan + Fields’ L+400 bps term loan due June...
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