Crisis Prevention Institute (CPI), a provider of de-escalation and crisis prevention training programs for workplaces, completed a $435 million debt financing. Jefferies Finance, Macquarie Capital and Antares Capital acted as joint lead arrangers for the financing.
CPI will use proceeds of the financing to refinance the company’s existing debt and fund a distribution to shareholders. Moreover, the refinancing will enhance the company’s financial position with extended maturities, increased liquidity, lower borrowing costs,and broader access to the public loan markets.
“This refinancing marks an important step for CPI, as it provides a foundation to support our mission and long-term growth,” Tony Jace, CEO of CPI, said. “The extent to which our story was well-received by the loan market is a testament to the entire CPI team and the importance of the work we do within communities around the world.”
PJT Partners served as financial advisor and Skadden, Arps, Slate, Meagher & Flom served as legal counsel to CPI on this transaction.
