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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Citizens Provides $42.5MM Credit Facility to ARC Group Worldwide
Friday, September 30, 2016
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Lenders/Participants
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Citizens Bank [Lender]
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Structure
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$25MM Revolver; $17.5MM Term Loan
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Amount
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$42.500
Million
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Borrower(s)
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ARC Group Worldwide, Inc.
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Description
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Proceeds from the financing will be used to support the continued expansion of ARC's core precision manufacturing and metal 3D printing businesses, along with repaying all amounts outstanding under the prior senior credit facility totaling $30.4 million. A $17.5 million, 20-year amortizing mortgage-based term loan at LIBOR + 3.50%. The balance of the refinancing is a new 5-year, $25.0 million Revolving Commitment, with only $13.6 million drawn at closing. The new asset-based revolver is interest only, with a pricing grid of LIBOR + 2.25%-2.75%.
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Industry
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Manufacturing
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| Related Tags |
Citizens Bank
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ABL Advisor
Deal Tables
2025
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