Mister Car Wash Announced The Completion Of A Series Of Related Transactions In Support Of A Comprehensive Plan To Refinance Its Capital Structure
$MCW
Automotive Aftermarket
Consumer Discretionary
- Upsized, Amended & Extended the $901 million Term Loan B to $925 million now due in 2031 and removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods
- Upsized, Amended & Extended the $150 million Revolving Credit Facility to $300 million now due in 2029, removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods and reduced the cost of borrowings under the facility
- Proceeds of the transaction were used to refinance the existing Mister Car Wash Term Loan B due in 2026 and the existing Mister Car Wash Revolving Credit Facility due in 2026
- The transactions extend Mister Car Wash's debt maturities and increase available liquidity in line with Company growth