KPS Capital Partners (KPS) announced today that its portfolio company American & Efird Global (A&E) completed a successful recapitalization. A&E raised approximately $275 million of financing, including a $65 million cash flow revolving credit facility and an approximately $210 million term loan. The proceeds of the recapitalization were used to refinance outstanding debt, to fund an $80 million cash distribution to stockholders and to support continued growth.

Financing for the recapitalization was provided by a group of lenders with Merrill Lynch serving as joint left lead arranger and bookrunner, and HSBC Bank, J.P. Morgan Securities and PNC Capital Markets acting as joint right lead arrangers and joint bookrunners.

Following the recapitalization, A&E remains conservatively capitalized with the continued support of its controlling stockholder, KPS, a private equity firm with approximately $5.6 billion of assets under management.

Fred Jackson, chief executive officer of A&E, said, “A&E’s successful recapitalization validates the incredible transformation A&E has experienced under KPS ownership, and we are pleased to return capital to our stockholders.”