Accelerated Brands closes on $200 million bank facility from Monarch

Chicago, Oct. 26 – Accelerated Brands closed on a new $200 million secured bank facility with Monarch Alternative Capital LP, according to a press release.

Proceeds will be used to bolster the financial strength of the exiting business, provide capital for near-term acquisitions and aid in the future growth of the company.

The borrower is an oil change and car wash platform based in Winston-Salem, N.C. Princeton Equity Group owns the company.

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