debt
confidence high
sentiment neutral
materiality 0.75
Advantage Solutions: >99% of 6.5% Senior Secured Notes tendered for 9% notes due 2030
Advantage Solutions Inc.
- $589.9M principal (99.13% of outstanding) tendered; consent to eliminate covenants and release collateral obtained.
- Holders of tendered notes receive per $1,000: $946.77 in new 9% notes due 2030 plus $74.06 cash.
- Concurrent Term Loans: >99% of lenders agreed to support and participate in Term Loans Transactions.
- Settlement expected March 11, 2026; new notes unregistered, offered only to QIBs/accredited/Reg S.
- Existing 6.5% notes due 2028; new notes due 2030, higher coupon reflects extension.
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