The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Credit Suisse Leads $395MM Financing for AmeriLife Group
Lenders/Participants
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Credit Suisse Bank [Lead Lender] SunTrust Bank [Joint Lead Arranger] Deutsche Bank [Joint Lead Arranger]
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Structure
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Term and Revolving Credit Facilities
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Amount
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$395.000
Million
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Borrower(s)
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AmeriLife Group, LLC
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Description
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A new credit facilities that provide for up to $395 million of financing. The new agreement includes a $250 million first lien term loan, $70 million second lien term loan, $35 million delayed draw first lien term loan and a $40 million revolving credit facility. The re-financing transaction was over-subscribed, allowing AmeriLife to raise additional capital that will be used to fund future acquisitions and pay a special dividend to equity holders. Together with cash resources on hand, the new credit facilities provide AmeriLife with over $100 million of capital to fund the company's growth and acquisition strategies. Additional transaction details not disclosed.
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Industry
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Insurance
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Location
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FL
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Related Tags |
Credit Suisse, Deutsche Bank, SunTrust Bank
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ABL Advisor
Deal Tables
2024
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