Marathon Asset Management and Webster Bank closed a senior secured credit facility to support H.I.G. Capital’s acquisition of Shore Excursions Group. Marathon served as lead left arranger, while Webster acted as administrative agent for the transaction.
The financing was provided through Marathon and Webster Bank’s private credit partnership, which leverages the strengths of both institutions to deliver tailored and innovative financing solutions.
“SEG brings nearly two decades of industry experience, recognized leadership in onshore touring, and a steadfast commitment to quality, innovation and service, attributes that have made it a trusted partner to cruise lines and travelers around the world,” Curtis Lueker, head of direct lending at Marathon Asset Management, said. “We are pleased to support H.I.G. Capital, a premier middle-market sponsor with deep expertise across travel, consumer and technology-enabled sectors, as it advances SEG’s next phase of growth.”
Bruce Richards, CEO and chairman of Marathon, said, “Marathon’s partnership with Webster continues to deliver customized and creative financing solutions for middle-market companies and private equity sponsors. By combining Marathon’s leadership in private credit — spanning direct lending, capital solutions and asset-based lending — with Webster Bank’s sponsor finance and commercial banking capabilities, we offer clients a uniquely differentiated platform and suite of financial solutions.”
