We advised the lenders on a superpriority bridge facility

Davis Polk advised the lenders to Horizon Global Corporation in connection with a $10 million superpriority bridge facility. The proceeds of the facility, which is secured on a superpriority basis relative to existing term debt of the company, were used to provide short-term liquidity.

Horizon Global Corporation is a leading designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and original equipment segments.

The Davis Polk restructuring team included partner Damian S. Schaible, counsel James M. Millerman and associate Jacob Weiner. The finance team included partner Monica Holland, counsel Christian Fischer and associate Sanders Witkow. All members of the Davis Polk team are based in the New York office.

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