King Street Capital Management, a global alternative investment firm, led a first-lien term loan facility to support the refinancing of Voyant Beauty, a full-service supply chain and manufacturing partner to leading personal care, beauty and household brands.
The facility will be used to position Voyant for continued growth by refinancing its existing term loan facility, repaying outstanding asset-based loans and for other general corporate purposes.
“Voyant Beauty is a scaled, market-leading platform with deep technical expertise and a global customer base that includes top consumer brands in several of the most attractive categories in personal care and beauty,” Noah Charney, head of capital markets at King Street, said. “We are excited to collaborate with the Voyant team and provide the company with flexible capital for expansion and to execute on its key strategic initiatives.”
Brad Schechtman, chief financial officer at Voyant, said, “We are thrilled to partner with King Street as we embark on this next phase of growth. This financing solution will allow us to strengthen Voyant’s overall competitive positioning as a leading, full-service partner in the personal care industry.”
This investment will be led through King Street’s opportunistic credit strategy, which targets senior lending opportunities across industries and geographies.
