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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Evolus Secures $100MM Senior Debt Facility from Oxford Finance
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Lenders/Participants
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Oxford Finance [Lender]
Cantor Fitzgerald & Co [Sole Lead Arranger]
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Structure
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Senior Debt Facility
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Amount
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$100.000
Million
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Borrower(s)
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Evolus, Inc.
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Description
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A $100 million senior debt facility.The non-dilutive financing agreement provides Evolus with up to $100 million of borrowing capacity available in two tranches, each bearing interest at a minimum of 9.5% per annum. Under the terms of the agreement, an initial tranche of $75 million was funded at closing. Evolus is required to make interest only payments on a monthly basis through April 2022. An additional $25 million will be available at the company’s option, subject to certain conditions. The entire senior debt facility will mature on March 1, 2024. Further information with respect to the credit facility is set forth in a Form 8-K filed by Evolus with the Securities and Exchange Commission on March 18, 2019.
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Industry
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Consumer Products
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| Related Tags |
Cantor Fitzgerald, Oxford Finance LLC
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ABL Advisor
Deal Tables
2024
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