Paul Hastings Advised Wells Fargo Bank, N.A. in Split-Lien Financing for Skullcandy, Inc.
June 01, 2023
Paul Hastings LLP represented Wells Fargo Bank, N.A., as ABL agent in connection with a split-lien asset-based and term loan financing for Skullcandy, Inc., which is backed by private equity sponsor Mill Road Capital. Skullycandy is a consumer goods manufacturing company that produces earbuds, headphones, and gaming products. Proceeds from the financing were used to refinance existing debt and provide liquidity for key strategic initiatives.
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