CROSSMARK Extends Revolving Credit Facility
PLANO, Texas – January 6, 2017 — CROSSMARK, a leading sales and marketing services company in the consumer industry that provides growth solutions to manufacturers and retailers, today announced that it has entered into an agreement to amend and extend its revolving credit facility. Under the agreement, the facility's maturity date has been extended from December of 2017 to June of 2019.
“We are pleased to announce the extension of our revolving credit facility, and are appreciative of the ongoing support and partnership of Warburg Pincus, in its capacity as our primary equity investor, and our lending partners,” said Steve Schuckenbrock, Chief Executive Officer of CROSSMARK. “While CROSSMARK has not utilized our revolver in some time, we are pleased to have this amended and extended facility available to further substantiate continuous financial flexibility as we execute on our strategic growth objectives.”
“We believe this will help to position CROSSMARK for continued growth and success, and we are pleased to continue to support the company and its management team as it pursues its strategic plan,” said Jim Neary, Managing Director of Warburg Pincus.
CROSSMARK’s lending group is led by Bank of America Merrill Lynch, Barclays, Credit Suisse, and UBS.
CROSSMARK is a leading sales and marketing services company that provides growth solutions for consumer-branded suppliers and retailers. For more than 100 years, CROSSMARK has helped the world's most powerful brands achieve their business objectives across major classes of trade. Expertise includes Headquarter Sales, Retail Merchandising, Retailer Solutions, Shopper and Consumer Engagement, In-Store Events, Experiential Marketing, Shopper Marketing, In-Store Data Collection & Field Intelligence, and Analytics & Insights.
CROSSMARK is majority owned by Warburg Pincus, a global private equity firm focused on growth investing.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm’s active portfolio of more than 130 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.