Shearman And Sterling

News July 23, 2019

Grocery Outlet’s $475 Million Term Loan Facility

Shearman & Sterling advised Morgan Stanley, as administrative agent, on a $475 million senior secured term loan facility for GOBP Holdings, Inc. to refinance existing indebtedness.

Headquartered in Berkeley, California, GOBP Holdings, Inc., the parent of Grocery Outlet Inc., owns and operates a chain of grocery stores in the United States.

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