AB Private Credit Investors (AB-PCI), as Sole Arranger and Administrative Agent, upsized its existing $100 million credit facility to $177 million in support of Keg Logistics acquisition of Keg Credit. AB-PCI utilized its scale and flexibility to solely deliver a fully underwritten solution to support this transformative acquisition.
Prior engagements with Keg Logistics include Seaport Capitals original acquisition of the company in a change of control transaction and its earlier purchase of Atlas Keg.
Keg Logistics is owned by Seaport Capital. Seaport Capital invests in middle market companies with recurring revenue business models in the communications, business services and media sectors.
Keg Logistics is a leading provider of keg financing and management services to over 2,000 craft breweries and wineries globally. Started by industry veteran Chris Sapyta, Keg Logistics enables its customers to maximize their growth and profitability through flexible keg supply options. In addition to keg financing, Keg Logistics also manages domestic and international logistics, including 3PL logistics support.
All rights reserved. AB Private Credit Investors is a trademark of AllianceBernstein L.P. and its affiliates. The [A/B] logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.
This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.