|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Agents $815MM ABL and Term Loan Refinancing for The AZEK Company
Monday, September 30, 2024
|
Lenders/Participants
|
Wells Fargo Bank [Administrative Agent, Collateral Agent]
Wells Fargo Securities [Joint Bookrunner]
JPMorgan Chase Bank [Joint Bookrunner]
|
|
Structure
|
ABL and Term Loan Refinancing
|
|
Amount
|
$815.000
Million
|
|
Borrower(s)
|
The AZEK Company
|
|
Description
|
The new credit agreement provides the Company with a $815 million credit facility, consisting of a $440 million first lien term loan facility and a $375 million first lien revolving credit facility. The proceeds of the new credit agreement were applied, among other uses, to refinance outstanding obligations under the Company’s existing term loan credit agreement and the Company’s existing asset-based loan credit agreement. In connection with the entry into the new credit agreement, the existing credit agreements were terminated.
|
|
Industry
|
Construction Supply
|
| Related Tags |
The AZEK Company, Wells Fargo Bank
|
ABL Advisor
Deal Tables
2024
|
|
|
|