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Juice Plus+ Transaction Announcement
GLC Advisors Transaction Closing Announcement
$675mm Out-of-Court Recapitalization
GLC served as the exclusive financial advisor to the Term Loan Lenders
Juice Plus+, a storied direct seller of whole-food, plant-based nutritional supplements, successfully completed an out-of-court recapitalization, including a new money investment by the Company’s sponsors. Upon consummation of the transaction, the Company eliminated approximately $320mm of its $675mm of debt obligations. In concert with a $30mm equity capital infusion by the sponsors, the Company’s senior lenders extended maturities and secured several economic and collateral protection enhancements. With these alterations, the Company will have additional operating flexibility to execute on its business strategies.
GLC served as the exclusive financial advisor to the Term Loan Lenders. The recapitalization was fully consensual and achieved 100% consent from the lending group.
| GLC Restructuring Team Overview GLC has been a top 10 US restructuring investment bank for more than 10 years with financial professionals in New York, Denver, Los Angeles and San Francisco. The restructuring team has collectively advised on over 250 restructuring transactions involving over $450 billion in aggregate debt and preferred obligations. GLC professionals have extensive experience working on the “other side of the table” as distressed investors and board members, which provides a complete view of the restructuring process. Our clients include companies, financial sponsors, special situation investors, CLO / CDO funds, and other credit investors. Jeff Raithel / Managing Director jeff.raithel@glca.com / 213.573.1082 John Hill / Vice President john.hill@glca.com / 213.573.3853 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, Los Angeles and San Francisco. For more information, visit www.glca.com. |