Deal Details
Batteries Plus Completes Debt Refinancing
Summary
Batteries Plus Holding Corporation (“Batteries Plus” or the "Company"), a portfolio company of Freeman Spogli & Co. (“Freeman Spogli”), recently completed a secured debt financing (the “Financing”). The Financing consisted of a term loan and revolving credit facility. Batteries Plus will use the proceeds to repay its current debt facilities.
Baird served as the exclusive debt advisor to Batteries Plus on this transaction.
About
Founded in 1988, Batteries Plus is a leading franchisor focused on non-discretionary products and services for battery power and device repair requirements. The Company sells batteries, light bulbs, accessories and also offers smartphone repair services, diagnostics, installation and recycling through both direct-to-consumer and commercial channels, with a nationwide footprint of 720+ store territories across 48 states. Batteries Plus is headquartered in Hartland, Wisconsin.Freeman Spogli is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $5.7 billion in 70 portfolio companies with an aggregate transaction value of over $28 billion and has completed over 180 add-on acquisitions with its portfolio companies. Freeman Spogli is currently making investments from FS Equity Partners VIII, L.P. and has offices in Los Angeles and New York.
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- Date
- August 2023
- Company
- Batteries Plus Holding Corporation
- Transaction
- Private Capital Markets
- Sectors
- Consumer
- Verticals
-
Multi-Unit, Restaurants & Franchising
- Target Geography
- North America
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