Kirkland & Ellis counseled Orion Infrastructure Capital (OIC) on its $125 million senior secured term loan facility to Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, and renewable fuel producer. The term loan allows for periodic draws in an aggregate amount of up to $125 million. The term loan matures in six years. In connection with entering into the term loan, Alto will issue up to 1.6 million shares of common stock to OIC.
The Kirkland team was led by debt finance partners Kelann Stirling, Mary Kogut, Erik Hepler and Leila Ravi and associates Paul Roberts and Rafa Breves de Toledo; corporate partners Jhett Nelson, Shubi Arora and Patrick Moneypenny and associate Robbie Dillard; capital markets partners Julian Seiguer and Noah Allen; and tax partner Mark Dundon and associate Courtney Loyack.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
