---
title: "Advantage Solutions Completes Refinancing: $1.035B Term Loan, $500M ABL, 9% 2030 Notes; Ends 2020 Facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278783755.md"
description: "Advantage Solutions has completed a refinancing, issuing 9% Senior Secured Notes due 2030, amending a $500 million ABL revolver, and securing a new $1.035 billion first-lien term loan. Approximately 99.24% of the old 6.50% 2028 notes were canceled. The refinancing aims to extend maturities, enhance liquidity, and align the capital structure with operational needs. The company also terminated its 2020 first lien credit agreement as part of this process."
datetime: "2026-03-11T21:53:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278783755.md)
  - [en](https://longbridge.com/en/news/278783755.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278783755.md)
---

# Advantage Solutions Completes Refinancing: $1.035B Term Loan, $500M ABL, 9% 2030 Notes; Ends 2020 Facility

Advantage Solutions executed a comprehensive refinancing, issuing 9.000% Senior Secured Notes due 2030 in an exchange for most of its 6.50% 2028 notes, amending its $500 million ABL revolver, and securing a new $1.035 billion first-lien term loan. About $559.1 million of new notes were issued alongside $43.7 million in cash, while approximately 99.24% of the old notes were canceled. The company also terminated its 2020 first lien credit agreement and released related liens. Management expects the transactions to extend maturities, strengthen liquidity, and align the capital structure with operating needs.

**Agreement 1: Advantage Solutions Issues 9% Senior Secured Notes Due 2030 Amid Liability Management**

-   **Agreement type**: Indenture for 9.000% Senior Secured Notes due 2030
-   **Counterparty**: Wilmington Trust, as trustee and collateral agent
-   **Signed / Effective**: Mar 11 2026 / Mar 11 2026
-   **Duration / Termination**: Matures Nov 15 2030
-   **Reason**: Refinance debt and extend maturities

**Agreement 2: Advantage Solutions Amends $500 Million ABL Revolver to 2030 to Boost Liquidity**

-   **Agreement type**: Amended senior secured asset-based revolving credit facility
-   **Counterparty**: Bank of America, as administrative agent, and other lenders
-   **Signed / Effective**: Mar 11 2026 / Mar 11 2026
-   **Duration / Termination**: Until Jan 18 2030, with springing maturity
-   **Reason**: Enhance liquidity and financial flexibility

**Agreement 3: Advantage Solutions Secures New $1.035 Billion First-Lien Term Loan Facility**

-   **Agreement type**: First-lien term loan credit facility
-   **Counterparty**: Bank of America, as administrative agent and collateral agent, and lenders
-   **Signed / Effective**: Mar 11 2026 / Mar 11 2026
-   **Duration / Termination**: N/A
-   **Reason**: Refinance existing debt and extend runway

**Agreement 4: Advantage Solutions Cancels 6.50% Senior Secured Notes Due 2028 Following Exchange**

-   **Agreement terminated**: 6.50% Senior Secured Notes due 2028
-   **Counterparty**: Noteholders
-   **Original agreement date**: N/A
-   **Termination date**: Mar 11 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Replaced via exchange into new 2030 notes

**Agreement 5: Advantage Solutions Ends 2020 First Lien Credit Agreement as Part of Refinancing**

-   **Agreement terminated**: Existing First Lien Credit Agreement
-   **Counterparty**: Bank of America, as administrative agent and collateral agent, and lenders
-   **Original agreement date**: Oct 28 2020
-   **Termination date**: Mar 11 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Superseded by new term loan and amended ABL

Original SEC Filing: Advantage Solutions Inc. \[ ADV \] - 8-K - Mar. 11, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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