HPS Investment Agents $100MM Exit Facility for Emerge Energy

Emerge Energy entered into a senior secured asset-based revolving credit and security agreement of up to $100 million with HPS Investment Partners as administrative agent and collateral agent.

HPS, Morgan Stanley, Wells Fargo Support TiVo Refi

TiVo entered into a new $715 million five-year term loan credit agreement with HPS Investment Partners as administrative and collateral agent, plus a $60 million revolving loan credit agreement with Morgan Stanley Senior Funding and Wells Fargo Bank.

Capital One Arranges Facility to Support Excellere’s Partnership with SePRO

Capital One served as administrative agent and joint lead arranger on a senior secured unitranche facility to support Excellere Partners’ recapitalization in partnership with the founder and management of SePRO. The facility was provided in part by Capital One’s ULTra unitranche loan program.

Capital One, HPS Close $375MM Unitranche for AccentCare

Capital One served as administrative agent on a $375 million senior secured unitranche facility for AccentCare, a portfolio company of Oak Hill Capital Partners. The facility consists of a $250 million term loan, a $50 million delayed draw term loan and a $75 million revolving line of credit.

Capital One Closes $1B+ Unitranche Healthcare Commitments in 2017

Capital One’s unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017.

HPS Provides New $70MM Revolver to J.G. Wentworth

J.G. Wentworth successfully completed its reorganization in coordination with its lenders. The company emerged from Chapter 11 with a new revolving credit facility of $70 million supplied by HPS Investment Partners and the elimination of $440.5 million of outstanding debt.

Oaktree, J.P. Morgan Others Take Over 21st Century Oncology

21st Century Oncology emerged from Chapter 11 with new owners, including funds and accounts managed by Beach Point Capital Management, Governors Lane, J.P. Morgan Investment Management, Oaktree Capital Management, Roystone Capital and HPS Investment Partners.

HPS Provides $65MM Revolver to Support Wentworth Restructuring

J.G. Wentworth reached an agreement with its lenders, led by Jefferies, to support its prepackaged restructuring plan. HPS Investment Partners provided a $65 million revolver to cover the company’s restructuring expenses.

PNC Supports Propel Media Acquisition of DeepIntent

Propel Media, a digital media and advertising company acquired DeepIntent Technologies, an integrated data and programmatic buying platform. PNC served as administrative agent for an amendment to the company’s credit facility to support the transaction.

Capital One, HPS Provide $300MM Facility to Healthcare Education Co.

Capital One served as agent and lead arranger for a $300 million credit facility for a healthcare education services company. The financing was part of Capital One’s ULTra unitranche program with HPS Investment Partners.