We are advising an existing term lender and noteholder on the series of transactions

Davis Polk is advising Lord, Abbett & Co. LLC as an existing term lender and unsecured noteholder to Cabinetworks Group in connection with new money and refinancing exchange transactions involving a new $100 million priority first-lien first-out term loan to Cabinetworks, the exchange of existing first-lien term loans due 2028 into first-lien second-out term loans due 2031 and existing unsecured notes due 2029 into newly issued first-lien third-out secured notes due 2032.

As the largest privately held cabinetmaker in the United States, Cabinetworks is home to more than 5,200 team members; 20 locations, including 16 manufacturing facilities; and 13 brands – among them industry leaders KraftMaid, Medallion, Merillat and Smart Cabinetry. Through an expansive network of major home centers, independent dealers and distributors, Cabinetworks builds life into the kitchen – meeting any customer’s vision with the industry’s most comprehensive cabinetry.

The Davis Polk restructuring team includes partners Damian S. Schaible and Angela M. Libby, counsel Stephen D. Piraino and associates Andrew Frisoli and Eva (Luying) Wang. The restructuring finance team includes partner Jon Finelli and associate Benjamin J. Carlin. Counsel Brian Hecht and associate Christopher Martin are providing capital markets advice. Partner William A. Curran and counsel Tracy L. Matlock are providing tax advice. All members of the Davis Polk team are based in the New York office.

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