Springs Window Fashions, a provider of custom window coverings, has announced the closing of a capital raise and refinancing of a portion of its outstanding debt. As part of this transaction, Springs Window Fashions entered into a new first-out term loan facility and revolving credit facility providing substantial liquidity, a new second-out term loan facility to refinance substantially all of its outstanding term loan and a new second lien notes instrument in exchange for a portion of its outstanding senior notes. In addition, Springs Window Fashions extended the maturity of certain of its debt instruments, including its ABL facility, thereby moving its nearest maturities from 2026 to 2028.
Latham & Watkins LLP represented the administrative agent and the revolving credit facility lenders in the transaction with a finance team led by partners Michele Penzer, Joe Zujkowski, and George Klidonas, with associates Tulika Sinha, and William Council. Advice was also provided on tax matters by partner Jocelyn Noll.
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
