Franchise Group’s $675 Million Debt Financing

Willkie Farr & Gallagher represented Franchise Group, Inc. on the deal.

Franchise Group completed a $675 million debt financing to fund the acquisition of American Freight, as well as refinance its existing credit facilities at Franchise Group’s Buddy’s Home Furnishings and Sears Outlet subsidiaries.

Franchise Group is an operator of franchised and franchisable businesses and uses its operating expertise to drive cost efficiencies and grow its brands. Franchise Group’s business lines now include Liberty Tax Service, Buddy’s Home Furnishings, Sears Outlet, The Vitamin Shoppe and American Freight.

The Willkie deal team was led by partners Russell Leaf (Picture), Daniel Mun and David Tarr.

Involved fees earner: Russell Leaf – Willkie Farr & Gallagher; Daniel Mun – Willkie Farr & Gallagher; David Tarr – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Franchise Group;

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Author: Ambrogio Visconti