Alvarez & Marsal acted as exclusive financial advisor for IBI Group to structure, arrange and negotiate a refinancing of IBI’s $90 million senior secured credit facility.
Unified Grocers completed a debt refinancing with a new credit agreement encompassing a $275 million ABL revolver and a $41 million term loan with a group of banks led by Wells Fargo Capital Finance.
Wendy’s International entered into an agreement with Bank of America Merrill Lynch and Wells Fargo as joint lead arrangers to refinance its existing credit facility.
The Newark Group completed a $186 million refinancing transaction. The financing consists of an undrawn $50 million ABL revolver, an $80 million first lien term loan and a $56 million second lien term loan.
KCP Advisory Group said it successfully assisted in the refinancing and restructuring of a New England-based commercial construction contractor.
KCP Advisory announced the debt refinancing of a specialty apparel manufacturer. KCP helped the company secure a new credit line while advising it on solutions to improve distribution.