KKR provided a non-recourse accounts receivable financing for Weber, a manufacturer and distributor of outdoor cooking products. The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets.
AppLovin, a marketing software company, closed a seven-year, $1.5 billion term loan. JPMorgan Chase Bank, BofA Securities, KKR Capital Markets, Citigroup, Credit Suisse Loan Funding, Goldman Sachs Bank, Morgan Stanley Senior Funding and UBS Securities acted as joint lead arrangers for the facility.
AppLovin, a marketing software company, will raise a new $1.5 billion term loan. JPMorgan Chase Bank and KKR Capital Markets will act as joint lead arrangers and bookrunners.
Goldman Sachs served as both administrative and collateral agent on a joinder and amendment which established new $200 million first lien term loans for eyewear retailer National Vision.
SMART Global Holdings, the parent company of SMART Modular Technologies, refinanced the senior secured credit agreement of its operating group, increasing the principal amount of the term loans from $151 million to $165 million. KKR Capital Markets served as left lead arranger.
Cengage Leasing announced it has emerged from Chapter 11, having completed its finance restructuring. A lender group led by Citibank, acting as ABL facility agent, provided $1.75 billion in exit financing.
The New York Times reported Kohlberg Kravis Roberts agreed to buy Sedgwick Claims Management Services, a provider of insurance claims processing, for $2.4 billion.