Brief: TPI CompositeS Announces Refinancing Transaction with Oaktree

TPI Composites

14/12/2023 14:23

Dec 14 (Reuters) - TPI Composites Inc  TPIC.O :
    * TPI COMPOSITES, INC. ANNOUNCES REFINANCING TRANSACTION
WITH
OAKTREE, SIGNIFICANTLY STRENGTHENING COMPANY’S LIQUIDITY
POSITION AND ENHANCING FINANCIAL FLEXIBILITY
    * TPI COMPOSITES INC: UNDER DEAL, OAKTREE CONVERTED ITS
EXISTING
$436 MILLION SERIES A PREFERRED STOCK INVESTMENT INTO A $393
MILLION SENIOR SECURED TERM LOAN
    * TPI COMPOSITES INC: INCLUDING OAKTREE'S EXISTING COMMON
EQUITY
POSITION IN TPI, OAKTREE HOLDS 9.9% OF TPI'S COMMON EQUITY ON A
PRO FORMA BASIS

Source text for Eikon:  ID:nGNXbpf9vy 
Further company coverage:  TPIC.O 

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