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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wingspire Capital Agents a $100MM Credit Facility to Rubies II, LLC
Thursday, October 22, 2020
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Lenders/Participants
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Wingspire Capital Holdings [Agent]
Ares Commercial Finance [Co-Lead Lender]
Atalaya Capital [Second Lien Lender]
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Structure
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Credit Facility
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Amount
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$100.000
Million
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Borrower(s)
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Rubies II, LLC
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Description
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A $100 million credit facility consisting of an $80 million senior credit facility (co-led by Ares Commercial Finance) and a $20 million second lien credit facility (provided by Atalaya Capital Management) to Rubies II, LLC (“Rubies II”).
Proceeds from the financing were used to purchase substantially all of the assets of Rubie’s Costume Company, Inc. (“Rubie’s”) via a Chapter 11 363 sale process. Proceeds will also be used to fund the on-going working capital needs of Rubies II.
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Industry
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Consumer Products
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| Related Tags |
Ares Commercial Finance, ATAlaya Capital Management, Wingspire Capital Holdings
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ABL Advisor
Deal Tables
2024
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