Executive Summary

Advantage Solutions successfully executed a debt exchange offer for its outstanding senior secured notes. The transaction combined newly issued notes with extended maturity alongside cash consideration payments.

Early participation exceeded company expectations during the initial tender period for the exchange. Holders responded favorably to the terms proposed in the confidential offering memorandum materials.

Significant structural modifications accompanied the exchange including covenant eliminations and collateral adjustments. Furthermore, guarantor releases formed part of the comprehensive refinancing strategy and execution approach.

The withdrawal deadline passed with tendered notes and consents becoming irrevocable except limited circumstances. Settlement procedures are advancing toward completion following the successful early tender date milestone.

Concurrent term loan amendments received strong support from lenders under the existing credit facility. Overall, the coordinated transactions reflect the company’s strategic approach to managing its capital structure.