Willow Tree Credit Partners served as administrative agent for a $75 million facility to support the recapitalization of Santek Development, a provider of residential, commercial, and industrial waste collection and disposal services with operations in Tennessee, Georgia, Alabama, Texas, Arkansas, Kentucky, North Carolina, and Virginia.
Santek was founded in 1986 and is based in Cleveland, TN.
“Partnering with founders and entrepreneurs is a cornerstone of our business at Willow Tree. We have enjoyed working with the Santek team to avail a flexible capital structure designed to facilitate the company’s strategic growth initiatives,” said Jim Roche, chief credit officer of Willow Tree. “We believe that sourcing actionable, curated deal flow through our growing network of operating advisors and industry colleagues represents a distinct competitive advantage for Willow Tree.”
Willow Tree is a credit alternatives platform established to provide flexible capital structure solutions and value-added services to family-owned and financial sponsor-backed middle market businesses.