The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Rabobank, Banco Santander Lead $400MM in Senior Secured Credit Facilities for Agrovision
Tuesday, November 5, 2024
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Lenders/Participants
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Rabobank, N.A. [Mandated Lead Arranger, Lender]
Banco Santander [Mandated Lead Arranger, Lender]
Goldman Sachs [Participant]
Barclays [Participant]
Scotiabank [Participant]
BBVA USA [Participant]
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Structure
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Senior Secured Facilities include a $230MM Term Loan & $150MM Revolving Credit Line
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Amount
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$400.000
Million
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Borrower(s)
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Agrovision
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Description
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senior secured credit facilities in an aggregate amount of $400 million. Proceeds from the financing, which includes an initial $230 million five-year term loan and a $150 million three-year revolving credit line, will be used to repay outstanding borrowings under the Company’s existing $210 million credit facility and short term credit lines. The remainder of the proceeds will be used to support Agrovision’s expansion including into new markets and categories, fuel innovative product development, and enhance Agrovision’s genetics partnerships, robotics, and AI-powered initiatives. Together, these actions reinforce Agrovision’s mission to excite consumers and inspire nutritious snacking using technology.
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Industry
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Food Manufacturing
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Location
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CA
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| Related Tags |
Banco Santander, Barclays, BBVA USA, Goldman Sachs, Rabobank, Scotiabank
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ABL Advisor
Deal Tables
2024
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