Gibson Dunn & Crutcher Archives

Morgan Stanley Tactical Value Provides Up to $150MM Non-Dilutive Term Loan to Fibrogen

FibroGen entered into a non-dilutive term loan facility with investment funds managed by Morgan Stanley Tactical Value that will result in proceeds to FibroGen of up to $150 million, providing non-dilutive capital to support growth and innovation.

Excelerate Energy Amends and Restates $600MM Senior Secured Credit Facility with Syndicate

Excelerate Energy entered into an amended and restated senior secured credit agreement. Proceeds from the term loan facility are intended to be used for the acquisition of the FSRU Sequoia, which is currently under a bare boat charter with a third party until mid-2025.

Serta Simmons Bedding Commences Pre-Arranged Chapter 11 Proceedings

Serta Simmons Bedding, a global sleep company, is taking steps to strengthen its financial position as it continues to support long-term growth.

Lumileds Enters into RSA with Lender Group

Lumileds Holding, a global provider of innovative lighting solutions, entered into a restructuring support agreement with its lenders.

Antares Provides Debt Financing for Aurora Capital Partners’ Acquisition of Sharps Compliance Corp.

Aurora Capital Partners, a middle-market private equity firm completed its acquisition of Sharps Compliance Corp. Antares arranged the debt financing for the transaction.

Ares Management Provides $125M Non-Dilutive Debt Refinancing to Amryt

Amryt, a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, secured $125 million of senior credit facilities from funds managed by the credit group of Ares Management.

BofA Securities Supports Platinum Equity’s Acquisition of Pelican Products

Platinum Equity completed its acquisition of Pelican Products, a designer and manufacturer of protective cases and gear for outdoor enthusiasts and supply chain solutions for the healthcare industry. BofA Securities was the lead underwriter for debt financing in support of the transaction.

SVPGlobal Aids in Recapitalization of SGS

SGS, investment funds managed by SVPGlobal and the largest existing holder of SGS’ outstanding funded indebtedness completed a recapitalization transaction to strengthen SGS’s balance sheet and position the business for growth. HPS Investment Partners led the financing for the investment.

KKR Provides Debt Financing to Support Galaxy Universal’s Acquisition of And1, Avia, Gaiam and SPRI

Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. KKR led the debt financing for the acquisition and will participate as a co-investor.

Sequential Brands Group Commences Chapter 11 Proceedings, Seeks $150MM in DIP Financing

Sequential Brands Group, together with its wholly-owned subsidiaries, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. In connection with this process, Sequential will be obtaining $150 million in debtor-in-possession financing from its existing lenders.

September 1, 2021 Gibson Dunn & Crutcher | Miller Buckfire | Pachulski Stang Ziehl & Jones | Sequential Brands Group | Stifel Ian Koplin

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