The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Penfund Completes $225MM Follow-on Investment in Mister Car Wash
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Lenders/Participants
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Penfund [Lender]
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Structure
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Second Lien Credit Facility
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Amount
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$225.000
Million
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Borrower(s)
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Mister Car Wash
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Description
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Completion of a follow-on investment in Mister Car Wash as part of a small club of lenders providing a new $225 million second lien credit facility. The proceeds of this facility, together with the proceeds of a new US$800 million first lien term loan, have been used to refinance MCW’s existing debt and to pay a distribution to shareholders. Senior lenders also provided a new US$75 million revolving credit facility and US$40 million delayed draw term loan. Additional transaction details not disclosed.
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Industry
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Automotive
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Location
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AZ
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ABL Advisor
Deal Tables
2019
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Thomson Reuters LPC
League Tables
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Thomson Reuters LPC
Loan Volume Reports
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