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Akin Gump Represents rue21 in Debt Placement, Asset-Based Lending Credit Facility Amendment

January 31, 2022

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(New York) - Akin Gump represented specialty retailer New rue21, LLC on its debt placement, including a first-lien term loan supporting a shareholder distribution, the refinancing of existing indebtedness, and incremental liquidity for near-term growth initiatives. Akin Gump also assisted with the amendment of rue21’s existing asset-based lending credit facility.

The Akin Gump team advising rue21 was led by partner Daniel Fisher, leader of the firm’s integrated special situations group, and debt finance partner Scott Welkis, and included corporate partner Ryan Cox, counsel Charles Armbrust, Natasha Burnett and Jiha Ko and associates Marissa Etter and Sanzana Faroque.

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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