Franchise Group Secures Senior Secured Term Loan; Finalizes Acquisition of Sears Hometown's Outlet Business
New York - Paul Hastings LLP, a leading global law firm, represented Guggenheim Credit Services as administrative agent and lead arranger in connection with a $105 million first priority senior secured term loan for Franchise Group, Inc.’s acquisition of Sears Hometown's Outlet business. The transaction, valued at approximately $131 million, and related debt financing both closed on October 23, 2019.
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