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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Oak Hill Advisors Leads $2.125B Refinance for Alkegen
Wednesday, October 2, 2024
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Lenders/Participants
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Oak Hill Advisors [Lead Lender, Left Lead Arranger]
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Structure
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$1.925B First Lien Term Loan; $200MM First Lien Term Loan
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Amount
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$2.125
Billion
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Borrower(s)
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Alkegen
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Description
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A new $1,925 million first lien term loan and notes facilities and a new $200 million first-out revolving credit facility. Proceeds will be used primarily to refinance in full Alkegen’s existing first lien term loans, pay down outstanding borrowings under its revolver, extend maturities and provide liquidity runway for the company to execute on its growth and operational plans. In addition, a majority of existing holders of Alkegen’s secured and unsecured notes due 2028 and 2029 exchanged their notes for new second lien notes due 2029. Alkegen is separately commencing an offer to exchange all of the remaining secured and unsecured notes for new second lien notes.
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Industry
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Specialty Industries
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Location
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NY
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| Related Tags |
Oak Hill Advisors
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ABL Advisor
Deal Tables
2024
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