a.k.a. Brands IPO Presentation Deck
POST-IPO CAPITAL STRUCTURE
In conjunction with the IPO, we
are raising a $100mm term loan.
The transaction will reduce our
gross debt by $58mm
Post-IPO we will have a net
cash position of $69mm
This implies net leverage
of (0.9x)
This improved capital structure
positions us for further growth
Property of a.k.a. Brands © 2021 | 33
Cash & Cash Equivalents
Existing Debt
New Term Loan
Total Debt
Net Debt / (Net Cash)
Summary Statistics
PF LTM Q2'21 Adj. EBITDA
Total Debt/PF LTM Adj. EBITDA
Net Debt / PF LTM Adj. EBITDA
(1)
Actual
$34
157
$157
$123
Q2'21
$81
1.9x
1.5x
As of June 30, 2021
Pro Forma
Note: PF LTM represents pro forma last twelve months financials as of June 30, 2021 and is pro forma for the Culture Kings acquisition.
Adj. EBITDA. is a non-CAAP financial metrics. See Appendix for Adjusted EBITDA reconciliation.
New Term Loan net of OID.
(1)
$31
1
99 (2)
Pro Forma
As Adjusted
$168
$99
($69)
Q2'21
$81
1.2x
(0.9x)
a.k.a.View entire presentation