Attends Healthcare uses term loan, revolver for recapitalization

By Sara Rosenberg

New York, June 3 - Attends Healthcare Inc. completed a $133 million recapitalization that was funded by a term loan upsizing, cash on hand and an asset-based revolving credit facility, according to a news release.

Specifically, the company refinanced outstanding debt, funded a $35 million cash distribution to stockholders and is financing continued growth.

The term loan financing was provided by Regiment Capital Special Situations Fund V LP and Wells Fargo Commercial Banking, and the asset-based revolver was provided by Wells Fargo Commercial Banking.

Attends Healthcare is a Greenville, N.C.-based manufacturer and distributor of a adult incontinence products.

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