Outerstuff Restructures

King & Spalding represented an ad hoc group of first lien term lenders to Outerstuff, LLC (“Outerstuff”) holding in excess of 80% of Outerstuff’s $150 million term loan, in connection with the successful out-of-court restructuring of Outerstuff’s outstanding secured debt, which included the extension of the maturity on the term loans by 2.5 years.  Outerstuff is a leading designer, manufacturer and marketer of infant and youth sports apparel for all of the major professional and college-level sports leagues in North America.