Antares Capital closed more than 250 transactions in 2017, issuing more than $21 billion in financing commitments and acting as lead left arranger for approximately $17 billion of first lien and second lien credit facilities.
Among other activities, Antares closed $3.3 billion in collateralized loan obligations, brought on several separately managed accounts with more than $3 billion of targeted loan commitments and continued growth in its secondary trading activities.
Antares also closed its first CLO of $2.1 billion in May 2017, the largest CLO issued in the U.S. since 2006, before closing a second CLO of $1.2 billion in December.
Additionally, the firm partnered with Bain Capital and launched ABCS, a program which provides clients with access to first-lien unitranche loans of up to $350 million in a single transaction, expediting and simplifying the borrowing process
“We head into 2018 with the momentum gained from a year of accomplishments,” said David Brackett, managing partner and co-CEO of Antares. “Our ability to meaningfully broaden our product offerings and diversify our funding sources translates directly into greater flexibility, increased certainty and more attractive opportunities for our borrowers and investors alike.”
Other notable transactions in which Antares served as administrative agent and lead-left arranger included:
- More than $1 billion of first and second lien credit facilities to Boyd Corporation
- $545 million of first lien credit facilities to Epic Insurance Brokers and Consultants
- $515 million in first and second lien credit facilities to CIBT
- $262.5 million first lien credit facility to Petmate
- $255 million first lien credit facility to MarketTrack
- $148.5 million credit facility to North American Dental Group
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