SI Group Completes Debt Exchange, SK Capital Partners Provides $150M New Money

September 30, 2024

SI Group completed a private debt exchange (Sept. 18) with a concurrent public offer, receiving participation from ~100% of first‑lien lenders and 89% of unsecured noteholders. The transaction extends maturities to 2028, secures a new $218M revolving credit facility, reduces interest expense and includes a $150M new‑money investment from SK Capital Partners and affiliates to bolster liquidity and repay debt.

Buyers
SK Capital Partners & Affiliates
Targets
SI Group
Industry
Manufacturing
Location
Texas, United States
Transaction Type
Recapitalization

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