|Deal Type||Equity Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||Purple Innovation||Our Role||
Joint Lead Arranger
On September 3, 2020, KeyBanc Capital Markets (“KBCM") successfully closed $100.0 million of Senior Secured Credit Facilities for Purple Innovation, LLC (“Purple” or the “Company”), consisting of a $55.0 million Revolving Credit Facility and a $45.0 million Term Loan A Facility (the “Credit Facilities”). Proceeds from the Credit Facilities will be used to refinance existing indebtedness, fund working capital needs and general corporate purposes, and pay transaction fees and expenses. KBCM acted as Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the transaction.