ASP Navigate Acquisition Corp

Overview

Deal Type Debt Capital Markets
Size $485 Million
Senior Secured Credit Facilities
Client & Transactional Partners American Securities
NN Life Sciences
NN
Our Role Joint Lead Arranger
Joint Bookrunner
Buy-Side Advisor

Summary

On October 6th, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of $485 million Senior Secured Credit Facilities for ASP Navigate Acquisition Corp (“Navigate,” “Life Sciences” or the “Company”) and formerly known as the Life Sciences segment of NN, Inc.). The facilities are comprised of a $60 million Revolving Credit Facility (the “Revolver”) and a $425 million Senior Secured Term Loan (the “Term Loan”). Proceeds from the facilities will be used to support American Securities’ (the “Sponsor”) acquisition of Life Sciences, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger and Joint Bookrunner and was chosen to play a role in the financing transaction due to its strong industry expertise, knowledge of NN, Inc. and long-standing relationship with American Securities. Additionally, KBCM served as a Buyside Advisor to American Securities. This represents KBCM’s 36th transaction with American Securities.

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