Attends Healthcare gets revolver, terms loans totaling $98 million

By Angela McDaniels

Tacoma, Wash., March 31 - Attends Healthcare, Inc. closed on a $20 million asset-based revolving credit facility and $78 million in term loans, according to a news release from majority shareholder KPS Capital Partners, LP.

The revolver was provided by Wells Fargo Capital Finance, and the term loans were provided by Regiment Capital Special Situations Fund IV, LP.

The proceeds of the new facilities were used to refinance outstanding debt, to fund a $60 million cash distribution to stockholders and to fund the company's growth.

Lincoln International acted as the company's financial adviser and privately placed the financing.

Attends Healthcare makes adult incontinence products and is based in Greenville, N.C.

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