Demakes gets term loan, revolver for buyout by TowerBrook Capital

By Sara Rosenberg

New York, Dec. 15 – Demakes Enterprises LLC got a new term loan and asset-backed revolving line of credit to help fund its acquisition by TowerBrook Capital Partners LP, according to a news release.

Funds managed by the Credit Group of Ares Management acted as administrative agent on the term loan and provided the debt together with funds affiliated with Benefit Street Partners, Willow Tree Credit Partners, and Monroe Capital, LLC.

Wells Fargo Bank is the agent on the revolver.

Demakes Enterprises is a Lynn, Mass.-based manufacturer of value-added protein products.

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