Latham & Watkins Represents Advantage Solutions in Comprehensive Refinancing

Advantage Sales & Marketing Inc., an indirect subsidiary of Advantage Solutions Inc. (NASDAQ: ADV) (Advantage Solutions), completed an exchange offer to exchange any and all of its outstanding senior secured notes due 2028 for a combination of newly issued senior secured notes due 2030 and cash, together with a related consent solicitation to amend the indenture governing the existing notes. On the settlement date, the company paid an aggregate of approximately US$43.7 million in cash consideration and issued an aggregate principal amount of approximately US$559.1 million of new notes in exchange for the tendered notes, representing more than 99% participation from existing noteholders. In connection with the notes exchange and consent solicitation, Advantage Solutions refinanced its existing term loan credit facility with a new US$1.035 billion senior secured first‑lien term loan facility and extended its existing senior secured asset‑based revolving credit facility. Together, the refinancing transactions comprehensively extended maturities across Advantage Solutions’ capital structure.

Latham & Watkins LLP represented Advantage Solutions in the refinancing with a team led by partners John Sobolewski, Jason Licht, Michael Treska, and Charles Cassidy, and counsel Lucas Balchun, with associates Isabelle Sawhney, Charles See, Gabriella Tang, Kennedy Holmes, and Ari Anderson. Advice was provided on finance matters by partners Joshua Tinkelman and Scott Ollivierre, with associates Ben Bussmann, Michael Hengerer, and Michelle Cha; on tax matters by partners Joseph Kronsnoble, Michael Zucker, and Christine Mainguy; and on executive compensation, employment, and benefits matters by partner Matthew Conway, with associate Sam Sturgis.