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1 mar 2024 · A debt restructuring proposal for Apex Tool Group has garnered support from a broad group of the company’s existing first-lien lenders, even though the deal pushes some creditors further back in line for repayment, according to people with knowledge of the matter.
22 lut 2024 · The company on Wednesday (21 Feb) told creditors it had reached an agreement with a group of lenders to provide a USD 125m first out delayed draw loan to the liquidity-starved tool manufacturer, the first source and an additional source familiar with the matter said.
24 kwi 2024 · Bain Capital is considering a sale of Apex Tool Group’s China business as the buyout firm seeks to offload non-core assets to raise cash, according to people familiar with the matter.
24 kwi 2024 · Bain Capital is considering a sale of Apex Tool Group’s China business as the buyout firm seeks to offload non-core assets to raise cash, according to people familiar with the matter.
27 sty 2022 · Lead arranger Barclays has set price talk on the $855 million first-lien term loan for Apex Tool Group LLC that will be used to refinance the company's existing capital structure, according to sources. Commitments to the deal will be due by noon ET on Feb. 3.
The joint venture, which was previously announced in March 2010, will be named Apex Tool Group LLC. Under the joint venture agreement, Cooper and Danaher each will own a 50 percent share of the new company and have equal representation on the joint venture’s board of directors.
7 lut 2022 · Apex Tool Group LLC was upgraded Feb. 4 by S&P Global Ratings to B- from CCC, and its outlook was revised to stable from CreditWatch Positive after the company completed a series of financings and debt repayments that pushed out maturities and reduced near-term default risk.
