Grocery Outlet Completes Refinancing of its Existing Credit Facility
03.20.23
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Simpson Thacher represented Grocery Outlet Holding Corp. (Nasdaq: GO) (“Grocery Outlet”) in connection with the refinancing of its existing credit facility, which includes a $300 million term loan and a $400 million revolving line of credit.
Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has 441 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland and New Jersey.
The Simpson Thacher team included Brian Steinhardt, Matthew Farrell and Melissa Lewis (Credit); J. Pasco Struhs (ERISA); and Michael Mann (Tax).