On September 27, 2022, Monolith Brands Group, Inc. closed the transaction. The company amended the terms of the transaction. The company received $230,000,000 in the transaction.
On the same date the company received $182,500,000 in its second and final tranche closing co-led by funds managed and/or advised by Hayfin Capital Management LLP and Ares Management Corporation. The company issued preferred stock for approximately $50,000,000 and non-convertible debt for $180,000,000.