MIAMI, April 3, 2025 /PRNewswire/ — Canal Road Group, LLC (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG’s private credit portfolio and complements a similar $250 million facility secured from Wells Fargo in Fall 2024.
The additional financing capabilities put the firm’s investment capacity at $1.5 billion supporting CRG’s private corporate lending strategy which predominantly targets 1st Lien and unitranche corporate loans for companies with EBITDA of $50 million or more in North America sourced largely from sponsors.
“We appreciate the confidence and support from SMBC and look forward to growing what we expect will be a long and mutually beneficial relationship. This facility provides additional capacity that allows CRG to continue its pursuit to deliver attractive, risk-adjusted returns for our investors,” commented Canal Road Group.
