Mister Car Wash Announced The Completion Of A Series Of Related Transactions In Support Of A Comprehensive Plan To Refinance Its Capital Structure
Portfolio Pulse from Benzinga Newsdesk
Mister Car Wash successfully completed a series of transactions to refinance its capital structure, including upsizing and extending its Term Loan B to $925 million due in 2031 and its Revolving Credit Facility to $300 million due in 2029. These moves extend debt maturities, increase liquidity, and support the company's growth.
April 01, 2024 | 10:05 am
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Mister Car Wash has upsized and extended its Term Loan B and Revolving Credit Facility, enhancing its financial flexibility and supporting future growth.
The refinancing actions taken by Mister Car Wash directly impact its financial health by extending debt maturities and increasing liquidity. This is likely to be viewed positively by investors as it reduces near-term financial risk and supports the company's growth plans.
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