Alvaria coins new LME innovation — ‘At Home plus J. Crew’


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Alvaria coins new LME innovation — ‘At Home plus J. Crew’

Max Frumes's avatar
James Wallick's avatar
  1. Max Frumes
  2. +Larry Feldman
  3. + 1 more
7 min read

Alvaria just completed a priming capital raise with existing lenders that represents yet another innovation in the world of liability management. Some are calling it the ‘At Home plus J. Crew’ or the ‘double-dip plus’, after the predecessor transactions that paved the way for it.

The result: a sponsor-backed company with constrained liquidity was able to raise nearly $80m in new capital and get a discount from its existing lenders, reducing its debt by $50m to $870m total and decreasing cash-pay on much of its debt for several years.

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