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Macquarie arranged and led the debt financing process for the refinancing of Smarte Carte

01 Feb 2014

Macquarie arranged and led the debt financing process for the refinancing of Smarte Carte, the leading concessionaire of baggage carts, self-storage lockers, retail strollers and massage chairs globally.

The primary debt issuance was structured as a five-year senior term loan facility with a revolver. The facility required no pricing flex, providing additional certainty for Fortress and existing management, in their buyout of the company.

Macquarie acted as the lead lender, and working closely with Smarte Carte and its sponsors, structured the transaction and coordinated discussions between the company and the revolver lender. Macquarie spoke for the entire term loan facility as a long-term hold.