TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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March 23, 2021
Source: PR Newswire
Ankura has completed a $710 million financing to refinance its existing debt and support its go-forward growth strategy
Ankura Consulting, LLC ("Ankura" or the "Company"), a global provider of a broad range of consulting services, announced today that it has completed a broadly syndicated upsizing and refinancing of its debt facilities with a new $465 million first lien term loan, a new $175 million second lien term loan, and a new $70 million revolver. The refinancing will realign the Company's capital structure and financial flexibility for future growth.
In advance of the refinancing, the Company received its first ratings from both Moody's Investors Service and S&P Global.
"This new financing represents a significant milestone in the evolution of our global advisory firm and will enable us to continue growing the business and executing our strategy. Having the debt markets validate and support our firm, strategy and market position is a testament to the highly talented professionals we have at Ankura," commented Kevin Lavin, Ankura's Chief Executive Officer.
About Ankura
Ankura Consulting Group, LLC is a global provider of a broad range of consulting services in the areas of disputes and economics, data and technology, risk, forensics and compliance, turnaround and restructuring, strategy and performance and in transactions and operations advisory. We help clients protect, create, and recover value. Ankura has over 1,500 employees worldwide. For more information, please visit: www.ankura.com.
