Certified Grocers of California completes placement of $180 million of financing

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Certified Grocers of California Ltd has completed the placement of $180 million of financing

Kerlin evaluated numerous capital options and alternatives and assisted the Company in refining its financing goals and objectives. Kerlin assisted the Company in developing an action plan to move from a secured borrowing base to an unsecured borrowing base using long term senior notes. Kerlin advised the Company on the economic terms and covenants for the senior term debt and assisted in developing interest in the Company on the part of a broad group of banks.