Ally Commercial Finance Closes New Facility With The Meadows
Ally Commercial Finance, as administrative agent, closed a $28 million senior credit facility for The Meadows of Wickenburg, Inc.
The Meadows, located in Wickenburg, AZ, is a treatment center for a range of addictive behaviors and psychological trauma. Founded in 1976, The Meadows is a portfolio company of American Capital, Ltd.
This new facility was used to refinance the existing facility and will provide for the future working capital needs of the company.
“Ally Commercial Finance helped us structure a very flexible and competitive facility,” said Peter Dahms, vice president of American Capital, Ltd. “We are very pleased to have this new credit facility in place as it provides The Meadows with greater financial flexibility and additional capital to execute on its strategic objectives.”
Ally Commercial Finance provides senior secured loans to meet the needs of equity sponsors and middle-market companies. Ally Commercial Finance lends to manufacturers, distributors, service companies and specialty sectors such as healthcare, retail and automotive.