RealTruck Secures $300 Million to Fund Growth & Acquisitions
Refinancing of its credit facilities, which includes growth capital, will enable RealTruck to increase investment across its business…
RealTruck Inc. announced that it has just closed on the refinancing of its credit facilities, giving it both an extended term and growth capital, enabling the company to increase investment across its business. This includes new product development, expansion in its portfolio of owned brands, and enhancements to its e-commerce platform, RealTruck.com. RealTruck is also well-positioned to pursue strategic acquisitions as it seeks to expand its market positioning and build upon its comprehensive product portfolio and manufacturing capabilities, company officials stated in a press release.
“We are excited to build upon our strong foundation and momentum to advance our strategic priorities,” said Carl-Martin Lindahl, chief executive officer of RealTruck. “We continue to invest in new product innovation, our brands, and our digital capabilities to better serve our customers, while positioning the business for accelerated growth. The closing of this refinancing demonstrates our lending partners’ continued confidence in our vision and future.”
The company has secured $300 million in new capital through closing on a comprehensive financing transaction with its existing lenders and noteholders. In connection with the transaction, participating lenders and noteholders have extended the maturities of their term loans and notes to 2031.
Kirkland & Ellis LLP served as the exclusive legal advisor to RealTruck.
Gibson, Dunn & Crutcher LLP served as exclusive legal advisor to the ad hoc group of lenders and noteholders.
