![]() ![]() Such statements may include statements regarding the Company’s results of operation and financial condition and statements regarding the expected use of proceeds in connection with the add-on to its existing first lien term loan. ![]() Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. that are either Company-run or operated pursuant to franchising and dealer agreements. On a combined basis, Franchise Group currently operates over 3,000 locations predominantly located in the U.S. Franchise Group’s business lines include Pet Supplies Plus, Wag N’ Wash, American Freight, The Vitamin Shoppe, Badcock Home Furniture & More, Buddy’s Home Furnishings and Sylvan Learning. UBS Investment Bank and Jefferies Finance LLC acted as joint lead arrangers in the financing.įranchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. acted as lead left arranger of the financing. Net proceeds from the transaction are expected to be used to pay down existing debt under the Company’s ABL credit facility. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced that is has upsized and completed its previously announced non-fungible add-on to its existing first lien term loan of $300 million. 02, 2023 (GLOBE NEWSWIRE) - Franchise Group, Inc. ![]()
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