Antares Capital is serving as administrative agent and sole lead arranger on a $72 million senior secured credit facility to support the acquisition of Pathway Partners Vet Holding by investment funds managed by Morgan Stanley Global Private Equity.

Founded by Dr. Jasen Trautwein in Austin, TX and led by CEO Shawn McVey, Pathway is a veterinary hospital owner and operator. Pathway owns more than 30 general and specialty veterinary hospitals, providing systems and processes to enhance productivity and improve medical services while maintaining the practice’s local culture and community identity.

“The Antares team has delivered a financing structure designed for growth and flexibility,” said Aaron Sack, co-head of Morgan Stanley Global Private Equity. “We value the considerable veterinary sector knowledge and experience they bring to the transaction, and we are pleased to have the opportunity to work with them.”