Capital One served as administrative agent on a $375 million senior secured unitranche facility for AccentCare, a portfolio company of Oak Hill Capital Partners. The facility consists of a $250 million term loan, a $50 million delayed draw term loan and a $75 million revolving line of credit.
AccentCare, a for-profit healthcare network, will use the facility to refinance existing debt, finance future acquisitions and fund general corporate needs.
Capital One launched the ULTra unitranche program with strategic co-investor HPS Investment Partners in December 2016.
“AccentCare has been a customer of Capital One Healthcare since 2010 and we are pleased to continue supporting the company with our ULTra unitranche product,” said Al Aria, senior managing director, Capital One Healthcare. “Through our unitranche facility, we were able to provide AccentCare a simple path forward to continue pursuing its acquisition strategy at competitive pricing and flexible terms.”
“Capital One has been a trusted partner of AccentCare for many years and has been instrumental in funding our strategy and growth,” said Jeffrey Reynolds, AccentCare’s CFO. “The process of securing the unitranche facility was efficient and seamless while creating plenty of runway for continued acquisitive growth.”
