NEW YORK – Overland Advantage, a business development company with a differentiated direct lending approach, announced today that it led a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers (“Maxi”), a Housatonic Partners portfolio company. Concurrently, Wells Fargo continues as agent and lead lender on a $90.0 million revolving credit facility, bringing the total financing package to $164 million.
Strengthening MaxiTransfers’ Capital Structure for Future Growth
MaxiTransfers is a leading money service business specializing in the U.S.-LATAM remittance corridor, serving the Latin American community in the U.S. since the early 2000s.
Gabriel Manjarrez, CEO of MaxiTransfers, stated:
“We are pleased to continue our relationship with Wells Fargo as Lead Arranger in our Revolving Credit Facility and to welcome Overland Advantage as a provider of new capital. Overland’s flexibility and creativity allowed the company and its shareholders to maximize our capital structure while also facilitating our future growth initiatives.”
A Strategic Financing Partnership
This transaction highlights Overland Advantage’s approach of partnering with high-growth businesses in attractive industries.
Bill Neuenfeldt, Chair of Overland Advantage and Senior Managing Director & COO at Centerbridge, commented:
“This transaction aligns with Overland’s strategy of supporting companies with demonstrable growth in compelling sectors. Our strategic relationship with Wells Fargo allowed us to deliver a unique and flexible solution to fuel MaxiTransfers’ next phase. We look forward to partnering on more opportunities.”
Lance Reynolds, Division Executive at Wells Fargo Commercial Banking, added:
“We are thrilled to expand our relationship with MaxiTransfers, providing not only the bank credit facility but also access to this innovative private credit solution through Overland.”
This financing reinforces MaxiTransfers’ market position and provides the company with enhanced liquidity and financial flexibility to pursue long-term strategic growth in the U.S.-LATAM remittance market.
