Innovation Ventures, LLC

Overview

Deal Type Debt Capital Markets
Size $100 Million
Incremental Revolving Credit Facility
Client & Transactional Partners Innovation Ventures, LLC
Our Role Joint Lead Arranger
Joint Bookrunner
Administrative Agent

Summary

On December 11, 2020, KeyBanc Capital Markets (“KBCM”) successfully closed a $100.0 million increase to the Revolver via the accordion (the “Incremental Facility”) for Innovation Ventures, LLC (“5-hour ENERGY” or the “Company”). The Incremental Facility increases the total Senior Secured Credit Facilities to $817.2 million, consisting of a $500.0 million Revolver and a $317.2 million Term Loan A. Proceeds from the Incremental Facility will be used to finance a distribution, pay fees and expenses and general corporate purposes. KBCM acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent for the transaction. The Incremental Facility was successfully oversubscribed and represents KBCM’s fourth lead left transaction with 5-hour ENERGY since 2016.

Innovation Ventures, LLC founded in 2000 by Manoj Bhargava, is the leading producer of energy shots which the Company manufactures and markets under the brand name 5-hour ENERGY[reg]®. 5-hour ENERGY produces a liquid energy shot designed to provide a feeling of alertness for hours and is available in 1.93 ounce re-sealable bottles that require no refrigeration. The energy shot includes a blend of B-vitamins, amino acids, caffeine, and other nutrients, contains no sugar or herbal stimulants and has 4 calories.

Recent Deals

September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower
September 2022

OMNI

$27 Million

Vitalia Senior Residences, Ohio

Life Company

omni
August 2022

Ventana al Sur

$49.3 Million

New Construction of Seniors Housing

Construction

ventana-al-sur
August 2022

 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

ring-energy-inc-
August 2022

Claysburg II Tower 

$21 Million

Private Placement Permanent Loan to finance acquisition and rehabilitation of Claysburg II Tower

Private Placement

claysburg-ii-tower
August 2022

Cadenza 

$28.5 Million

New construction of 160 affordable units

Bridge
Construction
Low Income Housing Tax Credits

cadenza-at-hacienda-lakes
August 2022

 

$3 Billion

Senior Secured Credit Facility; Term Loan

Joint Lead Arranger
Joint Bookrunner
Documentation Agent

Debt Capital Markets

earthstone-energy-inc-
August 2022


$124 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Sole Bookrunner
Administrative Agent
Depository Bank
Collateral Agent
Issuing Bank

Debt Capital Markets

amp-energy
August 2022

 

$1.5 Billion

Senior Secured Credit Facility

Administrative Agent
Coordinating Lead Arranger
Sole Bookrunner

Debt Capital Markets

diversified-energy-company-plc-1
July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

intralot-inc-
July 2022

has acquired

 

$75.8 Million

Senior Secured Credit Facilities

Debt Advisor

Debt Capital Markets
Mergers & Acquisitions

traffic-control-&-protection-inc
July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

lofts-on-main
June 2022

 

$126.9 Million

Educational Facilities Revenue Bonds

Sole Manager

Debt Capital Markets

depauw-university
June 2022

has been acquired by

 

$30 Million

Asset-Based Revolving Credit Facility

Administrative Agent
Sole Lender

Debt Capital Markets

kksp-precision-machining-llc

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