Akin Gump Advises Loyalty Ventures in $825 Million Credit Facility
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Loyalty Ventures, Inc., a leading provider of tech-enabled, data-driven consumer loyalty solutions, has closed on a $825 million term and revolving credit facility. A team from Akin Gump advised Loyalty Ventures in the transaction.
The proceeds of the term loans were used to finance a portion of a distribution by Loyalty Ventures to Alliance Data Systems Corporation in connection with the separation of Loyalty Ventures from Alliance Data. Following the completion of that transaction, Loyalty Ventures became an independent, publicly traded company. To read more about Loyalty Venture’s spin-off from Alliance Data, click here.
The Akin Gump team representing Loyalty Ventures included corporate partner Alan Laves and counsel Lech Wilkiewicz.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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