WW International, Inc.
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||WW International, Inc.||Our Role||
Joint Lead Arranger
On April 13, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed $1,175.0 million of Senior Secured Credit Facilities (the “Credit Facilities”), comprised of a $175.0 million Revolving Credit Facility and a $1,000.0 million Term Loan B, as well as $500.0 million of Senior Secured Notes (the “Notes”) for WW International, Inc. (“WW” or the “Company”). The proceeds from the Credit Facilities and Notes will be used to repay the Company’s existing Senior Secured Credit Facilities, to redeem existing Senior Unsecured Notes, and for general corporate purposes. KBCM acted as Joint Lead Arranger, Joint Bookrunner, and Co Documentation Agent on the Credit Facilities and as Joint Bookrunner on the Notes, which was an up tier from acting as Co Manager on the Company’s refinancing in 2017. KBCM was selected as a Lead Arranger and Joint Bookrunner due to its consistent pitch effort and extensive industry and Debt Capital Markets expertise.