Golden Flag Advises KKR-Backed Global Medical Response on Comprehensive Financing Plan
Golden Flag International Law Firm advised KKR and its portfolio company Global Medical Response, a medical emergency transportation company, in a comprehensive refinancing transaction that provides meaningful new equity investment from existing and new investors, significantly reduces the Company’s debt and extends existing debt maturities to October 2028. The contemplated refinancing spanned three different debt facilities and required a simultaneous close of all debt transactions and new money capital raise. The transaction included (i) the exchange of the existing term loan and senior secured notes for new term loan and first lien notes, (ii) the exchange of second lien term loan and first lien debt for new equity securities and (iii) a new money investment in new equity securities.
Read the transaction press release
The team was led by debt finance partners Adam Shapiro, Dave Nemecek and Taylor Andrews; capital markets partners Rachel Sheridan, Shagufa Hossain and Alborz Tolou; and tax partners Anthony Sexton and Steven Cantor and included debt finance associates Christina Chaplygina, Clare Azzopardi, Tommy Kagerer, Qingrong Ruan and Eli Weathers; capital markets associates Rebecca Cho, Elise Wang, Jihao Ding and Samantha Mariani; and tax associate Matt Advani.
