GoTo Group, Inc., an IT management, support, and business communications provider, in a liability management transaction that significantly enhanced the company’s liquidity, deleveraged its balance sheet, and reduced debt interest expenses. The transactions included a $100 million new money investment into a super senior debt tranche and an uptier exchange of the company’s first lien term loans and notes into super senior debt tranches, capturing nearly $500 million in debt discount. The transactions also extended the maturities of the company’s debt, including an extension on the company’s $250 million revolving credit facility by over two years.
U.S. Renal Care, the nation's largest privately held and fastest growing kidney care provider, in its successful refinancing and deleveraging transactions that significantly reduced debt, lowered annual interest expense by approximately 20 percent and raised $328 million in new capital to enhance future growth.
Renesas Electronics in its $2 billion supply agreement and cash deposit with Wolfspeed.
Avaya in connection with the debtor-in-possession financing for its Chapter 11 filing and the exit financing for exit from Chapter 11 bankruptcy.
Clearhaven Partners in its investment in Korbyt, a provider of workplace communications and intelligent content management.
Lone Star Funds in the financing of its acquisition of Titan.
West Marine, Inc. and its affiliates, a leading boating supply and fishing retailer, in a liability management transaction that effectuated a complete recapitalization of the business with near-unanimous support from West Marine’s existing lenders and its equity sponsor. The transaction injected an aggregate $150 million of new money into West Marine’s balance sheet and significantly reduced the Company’s cash payment interest burden.
Vervent Inc., a portfolio company of Stone Point Capital, in its acquisition of First Equity Card Corporation, one of the nation’s leading providers of bankcard solutions for building or re-building credit.
SubCom, LLC, a portfolio company of Cerberus Capital Management in its $1.6 billion dividend recapitalization.
L Catterton in its financing of its acquisition of Thorne HealthTech, Inc.
Towerbrook Capital Partners in its financing of its acquisition of Maxor National Pharmacy Services.
Bain Capital Insurance on a recapitalization of a full-service insurance claims management business, Ryze Claim Solutions.
