Lampert Debt Advisors Serves as Exclusive Financial Advisor to von Drehle Corporation on Its $147.5 Million Refinancing

NEW YORK--()--Lampert Debt Advisors, a leading debt capital markets-focused investment bank, announced today the successful refinancing of von Drehle Corporation. Headquartered in Hickory, NC, von Drehle is one of the United States’ largest privately-held towel and tissue manufacturers serving the away-from-home market. Lampert acted as von Drehle’s exclusive financial advisor and privately placed a $32.5 million asset-based revolver and a $115 million term loan, provided by SunTrust Bank and Benefit Street Partners L.L.C., respectively. Proceeds were utilized to retire existing indebtedness, fund growth capital expenditures and for general corporate purposes.

Lampert worked closely with senior management on all aspects of the financing including structuring, marketing and negotiating the financing. Randy Bergman, von Drehle’s President and CEO remarked, “The Lampert team did an excellent job preparing us to enter the market, managing a highly-competitive process and ultimately securing long-term financing partners. The new financing provides us with capital structure stability that allows us to focus on delivering high-quality products and services to our customers and continuing to grow the business.”

“The Lampert team was honored to have been selected by the Company as it approached the institutional debt capital markets for the first time. von Drehle is an exceptional company that possesses a management team characterized by integrity, superior performance and extraordinary capability,” said Randy Lampert, CEO of Lampert Debt Advisors. “We’re delighted to have been a member of the team that brought this transaction to a successful conclusion.”

VON DREHLE CORPORATION

von Drehle is a leading vertically-integrated manufacturer and distributor of disposable towel and tissue products. von Drehle’s product breadth, award-winning customer service, and national footprint have positioned it as a leader in the away-from-home towel and tissue market. For more information, please visit www.vondrehle.com.

LAMPERT DEBT ADVISORS

Headquartered in New York City, Lampert Debt Advisors specializes in private debt placements and restructurings and is uniquely qualified to provide clients unmatched expertise, market insight and optimal results. Since 2009, we have completed nearly $3 billion in transactions, ranging in size from $50 million to $300 million, across the industry spectrum. Lampert’s principals have completed over $25 billion in financings over the course of their careers. For more information, please visit www.lampertdebtadvisors.com. Securities offered through Lampert Capital Markets, Inc.

Contacts

Lampert Debt Advisors
Brian Schofield, 646-367-4662
Partner
brian.schofield@lampertdebtadvisors.com

Contacts

Lampert Debt Advisors
Brian Schofield, 646-367-4662
Partner
brian.schofield@lampertdebtadvisors.com