Deal Details
Debt Refinancing
Summary
Baird served as exclusive debt advisor to P & L Development, LLC on this transaction.
About
P & L Development, LLC (“PLD” or the “Company”), recently completed a refinancing of the Company’s existing capital structure including a $75,000,000 ABL Facility, a $115,000,000 1st Lien Term Loan Facility and a $49,000,000 2nd Lien Term Loan Facility.Founded in 1988, PLD is a leading manufacturer, packager and distributor of over-the-counter (“OTC”) pharmaceutical products and consumer healthcare goods. PLD offers a full range of solid dose and liquid dose medicines, as well as a variety of first aid and consumer healthcare products. PLD offers the top private label products in categories including analgesics, digestive aids, cough/cold, first aid, sleep/awake/motion aids, allergy relief and electrolytes. The Company serves nearly every major blue-chip retail customer nationwide. PLD is based in Westbury, New York.
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- Date
- May 2015
- Company
- P & L Development, LLC
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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