Ropes & Gray advised Tecomet on the refinancing of its capital structure to provide the company with increased operational and financial flexibility.
The transaction extends the maturity of Tecomet’s capital structure with a new ABL revolving credit facility and a six-year, privately placed first-lien term loan. All obligations under the company’s prior credit and notes agreements were paid in full.
Tecomet, a Woburn, Mass.-based company with global operations, designs and manufactures orthopedic, robotic-assisted and minimally-invasive surgical products, as well as precision components for the aerospace and defense industry. The company announced the agreement in a July 11 press release.
The Ropes & Gray team was led by business restructuring partners Ryan Preston Dahl and Ben Rhode, finance partners Michael Lee and Leo Klingbaum, private equity partners PJ Sullivan and Taylor Hart, tax partners Scott Pinarchick and Ben Rogers, and litigation & enforcement partner Dan McCaughey.
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