CIT’s asset-based lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global provider of learning and talent management solutions.
AlixPartners is serving as financial advisor to Skillsoft, which entered into a restructuring support agreement with a majority of its first and second lien lenders and filed prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.
Skillsoft said it has entered into a $150 million accounts receivable credit facility provided by Sound Point Capital Management and Morgan Stanley Senior Funding.
Skillsoft entered into a $150 million accounts receivable credit facility provided by Sound Point Capital Management and Morgan Stanley Senior Funding.