LPC-Augusta Sportswear swaps unitranche debt for lower cost loan
October 13, 2016 at 11:35 AM EDT
By Leela Parker Deo Athletic apparel maker Augusta Sportswear is tapping the loan market with a US$435m all-senior covenant-lite deal that refinances the company's existing, and more costly, unitranche debt, effectively lowering interest expense and gaining flexibility.
