Kirkland Advises OIC on Entering into $125 Million Term Loan Facility with Alto Ingredients
Kirkland & Ellis counseled Orion Infrastructure Capital (OIC) on its $125 million senior secured term loan facility to Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, and renewable fuel producer. The term loan allows for periodic draws in an aggregate amount of up to $125 million. The term loan matures in six years. In connection with entering into the term loan, Alto will issue up to 1.6 million shares of common stock to OIC.
The Kirkland team was led by debt finance partners Kelann Stirling, Mary Kogut, Erik Hepler and Leila Ravi and associates Paul Roberts and Rafa Breves de Toledo; corporate partners Jhett Nelson, Shubi Arora and Patrick Moneypenny and associate Robbie Dillard; capital markets partners Julian Seiguer and Noah Allen; and tax partner Mark Dundon and associate Courtney Loyack.
