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/CNW/ - Canada Pension Plan Investment Board (CPP Investments), through its Real Assets Credit (RAC) investment group, and Acofi Gestion have confirmed a.
David s Bridal Closes New $70 million Capital Investment From CPP Investments
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CONSHOHOCKEN, Pa., May 3, 2021 /PRNewswire/ David s Bridal, LLC (the Company ), the nation s leading bridal and special occasion authority, announced today the closing of a $70 million term loan provided by CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board ( CPP Investments ). The new term loan matures in 2024 and will be used by the Company to fund operations and for general corporate purposes.
As of closing on April 30, 2021, the Company had total unrestricted cash of $63 million and zero borrowings on its $125 million Revolving Credit Facility.