360training, a provider of online training and continuing education to regulated industries, refinanced its existing credit facilities to help further support its growth and acquisition strategy.
As part of the refinancing, Apogem Capital, Churchill Asset Management and Crescent Capital will now serve as the company’s three primary lenders and will work with 360training’s equity partners, GreyLion and Vestar Capital Partners. The refinancing features an expansion of 360training’s committed, undrawn delayed-draw term loan facility to support the continued execution of its M&A strategy.
“The refinancing of our existing credit facilities provides us with more flexibility to scale our platform and enables us to aggressively pursue acquisitions as an acquirer of choice,” Tom Anderson, CEO of 360training, said. “We greatly appreciate the support that we have received from Apogem, Churchill and Crescent and believe they will serve as valuable strategic resources alongside our longstanding equity partners, GreyLion and Vestar.”
360training has completed more than 13 acquisitions since 2010.
