Weil advised Wilbur-Ellis Holdings II, LLC, a leading provider of precision agricultural technology and products, in connection with a comprehensive refinancing transaction that included a new $550 million asset-based loan revolving credit facility and a $325 million new-money term loan. The deal closed on June 24, 2025.

Among other things, this transaction included a refinancing of the debt held by the prior lenders through (i) a new $550 million asset-based loan revolving credit facility provided by a syndicate of lenders and led by White Oak Commercial Finance, LLC and (ii) a $325 million new-money term loan with Centerbridge Partners, LP. Pursuant to the transaction, the prior lenders also received $123.5 million of initial take-back debt junior to the new capital invested. In parallel, Wilbur-Ellis Holdings II, LLC is pursuing a potential asset sale of Wilbur-Ellis Nutrition, LLC and its subsidiaries that could result in a further paydown for the prior lenders.

The broad-based Weil team was led by US Restructuring partners Gabe Morgan and Kevin Bostel and Banking & Finance partner Brendan Conley. The team also included Restructuring associates Teddy Cohan, Emma Wheeler, Alexandra Langmo, Ismail Buffins and Sayre Powers; Banking & Finance associates Keiko Quiñones-Osumi, Anna Williams (Not Yet Admitted in Texas) and Nicole Reynolds; M&A partner Mariel Cruz, counsel Christina De Vuono and associates Enrico Bueno Da Silveira Leite, Jess Serviss and Sidy Traore; and Real Estate partner Nellie Camerik and associates Subrina Chowdhury and Doug Illsley.