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King Street Leads Refinancing Facility for Voyant Beauty
THE WHAT? King Street Capital Management has led a first-lien term loan facility to refinance contract manufacturer Voyant Beauty. THE DETAILS The new facility replaces Voyant Beauty’s existing term loan and repays outstanding asset-based lending, while also providing additional liquidity for general corporate purposes. The refinancing is designed to simplify the company’s balance sheet…
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Mana Products furloughs staff as it weighs strategic options
THE WHAT? Mana Products has furloughed employees as the contract manufacturer evaluates potential paths for the business. THE DETAILS Industry sources indicate the furloughs follow an attempted sale that is believed to have fallen through. While declining to comment on “rumors or speculation,” Mana’s CEO said the company is working with its stakeholders as…