Tuesday, September 26, 2017

PENFUND LEADS SECOND LIEN REFINANCING FOR GIVE & GO PREPARED FOODS

TORONTO, Canada, Sept 26 (Bernama-GLOBE NEWSWIRE) -- Penfund, an independent provider of junior capital to middle market companies in the United States and Canada, announced today an incremental investment in Give & Go Prepared Foods Corp. (“Give & Go” or the “Company”) by Penfund Capital Fund V (the “Fund”). The Fund provided an additional US$15 million of second lien debt as part of Give & Go’s recent first and second lien refinancing transaction.

Penfund acted as lead investor and agent for the upsized second lien facility. Adam Breslin, partner at Penfund, commented, “We are pleased to support Thomas H. Lee Partners in their recapitalization of Give & Go. Give & Go has performed well since being acquired by THL and we are excited about the Company’s prospects.”

http://mrem.bernama.com/viewsm.php?idm=30145

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