The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Penfund Completes $225MM Follow-on Investment in Mister Car Wash
Lenders/Participants
|
Penfund [Lender]
|
Structure
|
Second Lien Credit Facility
|
Amount
|
$225.000
Million
|
Borrower(s)
|
Mister Car Wash
|
Description
|
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.
|
Industry
|
Automotive
|
Location
|
AZ
|
ABL Advisor
Deal Tables
2025
|
|
|
|