Antares Capital served as administrative agent and joint lead arranger on a $121.6 million senior secured credit facility to support the acquisition by Palladium Equity of Del Real Foods.

“Del Real is a company well positioned for growth, both regionally and nationally, with its authentic, on trend products. We are excited to support Del Real and Palladium during their next phase of growth,” said Tim Brandt, vice president with Antares Capital. “We are pleased to lead this financing for Palladium and we welcome Del Real to our portfolio.”

Mira Loma, CA-based Del Real offers traditionally prepared Mexican cuisine, including prepared meats, specialty items, salsas, side dishes, rice and beans.

“The Antares team was constructive and creative throughout this transaction,” said Yue Bonnet, vice president with Palladium. “We value Antares as a financing provider due in part to their proven flexibility and ongoing support.”

Palladium is a middle market private equity firm with over $2 billion in assets under management. Antares Capital is a leading provider of financing solutions for middle-market, private equity-backed transactions.