Daily News: April 24, 2015

NXT Capital Provides $88MM Facility for Trinity’s AAA Buy

NXT Capital announced that it provided an $88 million senior secured credit facility to support Trinity Hunt Partners’ acquisition of America’s Auto Auction. NXT acted as joint lead arranger, administrative agent and joint bookrunner for this transaction.

“NXT Capital was an excellent partner for this transaction,” said Dan Dross, Managing Partner, Trinity Hunt Partners. “The team’s existing relationships with management and deep industry knowledge meant NXT could deliver a financing solution with the ease and certainty we needed and flexibility for continued growth.”

Trinity Hunt Partners is a Dallas-based private equity firm.

Dallas-headquartered America’s Auto Auction is a provider of pre-owned car auctions with locations throughout the eastern half of North America.