Model N refinanced its credit facility with Wells Fargo. The current facility includes a $50 million term loan and a $5 million revolving credit facility.
Crystal Financial, an independent commercial finance company, provided a $50 million term loan facility for Model N to support its acquisition of Revitas.
Model N completed its acquisition of Revitas, a provider of life sciences revenue management software. TC Lending served as administrative agent and sole lead arranger for a $50 million term loan to fund the cash portion of the purchase.