Shearman And Sterling

News June 29, 2021

ALJ Regional Holdings, Inc. $127.5 Million Financing

Shearman & Sterling advised ALJ Regional Holdings, Inc. on a $95 million secured term loan facility agented by Blue Torch Business Finance, LLC to refinance existing indebtedness and for general corporate purposes. In connection with the foregoing, Shearman also advised ALJ as Borrower on an amendment to its existing $32.5 million revolving credit facility agented by PNC Bank, National Association to finance general corporate purposes.

ALJ Regional Holdings, Inc. is the parent company of (i) Faneuil, Inc., a leading provider of call center services, back office operations, staffing services, and toll collection services to commercial and governmental clients across the United States, and (ii) Phoenix Color Corp., a leading manufacturer of book components, educational materials, and related products producing value-added components, heavily illustrated books, and specialty commercial products using a broad spectrum of materials and decorative technologies.

The Shearman & Sterling team below included Maeve Wilson, Sunita Daswani and Haley Schwab.

The Team