Cases & Deals

Evenflo obtains $36 million credit facility

Clients Evenflo Company, Inc.

Jones Day advised Evenflo Company, Inc., a manufacturer of baby and child care products, in connection with a $36 million secured asset based revolving facility, subject to a borrowing base that includes inventory and receivables. The transaction was closed simultaneously and in connection with the sale of Evenflo's Ameda breastfeeding business, the proceeds of which were used to pay off Evenflo's existing credit facility.