Cahill represents Administrative Agent in connection with the refinancing and restructuring of terms for Aventiv Technologies LLC’s approximately $1.6 Billion Credit Facilities
Date: 03/28/24
Cahill represented the administrative agent in connection with the refinancing and restructuring of terms under Aventiv Technologies LLC’s credit facilities, including its priority revolving credit facility, first lien term loan credit facility and second lien term loan credit facility. The credit facilities were reorganized into new super-priority revolving and first lien term loan credit facilities structurally senior to the previously outstanding loans, and included multiple tranches of first-out, second-out and third-out term loans. Proceeds from the super-priority credit facilities will be used for working capital needs, to refinance existing indebtedness and for general corporate purposes. Aventiv Technologies is a technology company providing innovative solutions to customers in the corrections and government service sectors.