Healthcare Finance Group, a portfolio company of Fifth Street Finance, announced it is the sole lender of a financing comprised of a $7.5 million A/R-backed revolving credit line and a $5 million term loan.
Healthcare Finance announced that based on information provided by Thomas Reuters, HFG was ranked as the #1 bookrunner for 2013 middle-market ABL healthcare deals under $500 million.
Healthcare Finance Group said it acted as sole lead arranger of the $475 million financing transaction for Prime Healthcare Services.
Healthcare Finance Group announced the planned launch of a $475 million financing transaction for Prime Healthcare Services encompassing a $225 million ABL facility and a $250 million secured term loan.
Enzo Biochem said it has arranged an $8 million senior secured revolver that may be increased to $12 million with Healthcare Finance Group.
Wells Fargo Capital Finance appointed Rossi Felix as managing director within its Healthcare Finance Group. Previously, Felix held senior management positions at GMAC Health Capital and GE Healthcare Financial Services.
Fitch Ratings says that tighter risk spreads and continued signs of over-heating in debt markets have led some U.S. BDCs to look for new growth opportunities. Fitch notes Fifth Street Finance’s acquisition of Healthcare Finance as an example.