Credit Value Partners Provides Secured Debt to Pali
Credit Value Partners, as agent for funds and accounts under its management, announced that it closed a $25 million senior secured term loan and a $1.5 million revolving line of credit with Pali Corporation, Nuuanu Hale Convalescent Hospital, and Liliha Healthcare Center (collectively, “Pali”). Proceeds of the loans are being used to refinance the Company’s existing debt and for ongoing working capital to support two skilled nursing facilities in Hawaii.
“CVP is very pleased to have provided this secured debt facility to Pali,” said Don Pollard, Credit Value Partners managing partner. “This loan highlights the strength of CVP’s direct lending platform and the depth of our firm’s healthcare expertise.”
RedRidge Finance Group served as an advisor to CVP on this transaction, while James Lewin of Financial Asset Capital acted as advisor to Pali.
Pali consists of two skilled nursing facilities in Honolulu, HI.