Marathon Asset Management Archives

Marathon Asset Management Amends Term Loan Facility with Theratechnologies

Theratechnologies, a biopharmaceutical company focused on the development and commercialization of innovative therapies, entered into a first amendment to its credit agreement dated July 20, 2022 with certain funds and accounts for which Marathon Asset Management acts as investment manager.

March 1, 2023 Marathon Asset Management | Paul Lévesque | Theratechnologies Ian Koplin

Marathon Asset Management Closes $40MM Funding for Theratechnologies

Theratechnologies, a biopharmaceutical company, received funding of $40 million under the terms of its credit agreement with affiliated funds of Marathon Asset Management.

July 29, 2022 Marathon Asset Management | Theratechnologies Ian Koplin

Marathon Asset Management Provides $100MM Term Loan to Theratechnologies

Theratechnologies received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to $100 million.

John Hancock, Marathon Asset Management Launch Asset-Based Lending Fund

John Hancock Investment Management and Marathon Asset Management launched John Hancock Asset-Based Lending Fund, which will invest at least 80% of its net assets in asset-based lending investments.

July 13, 2022 Andrew G. Arnott | Bruce Richards | John Hancock Asset-Based Lending Fund | John Hancock Investment Management | Marathon Asset Management Rita Garwood

Marathon Asset Management Provides $155MM Credit Facility to Brown Jordan

Marathon Asset Management closed a $155 million credit facility for Brown Jordan, a designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the United States.

Marathon Asset Management Makes Management Changes as Rabinowitz Departs

Andrew Rabinowitz, president and COO of Marathon Asset Management, will be departing the firm in September. Jamie Raboy, Christine Chartouni and Jason Friedman will assume Rabinowitz’s day-to-day responsibilities.

Marathon Asset Management Provides $100MM Senior Secured Bonds Financing to Foraco

Marathon Asset Management closed a $100 million senior secured bonds financing for Foraco International, a global provider of mineral drilling services.

July 14, 2021 Daniel Simoncini | Foraco | Jean-Pierre Charmensat | Marathon Asset Management | Michael Alexander Ian Koplin

Marathon Asset Management Provides $155MM Credit Facility to Avenger Flight Group

Marathon Asset Management closed a $155 million senior credit facility for Avenger Flight Group, an independent provider of enterprise flight training solutions to aviation clients worldwide.

July 7, 2021 Avenger Flight Group | Jordan Bryk | Marathon Asset Management | Michael Alexander | Pedro Sors Ian Koplin

JPMorgan Leads $400MM in Financing for Healogics

JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.

Marathon Asset Management Closes $900MM ABL Fund

Marathon Asset Management closed its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a portfolio of asset-based loans across multiple sectors.

January 27, 2021 Andrew Rabinowitz | Bruce Richards | Ed Cong | Marathon Asset Management | Marathon Secured Private Strategies Fund Phil Neuffer

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