Crescent Capital Group’s European Specialty Lending strategy provided unitranche financing to support the acquisition of IMServ by Bluewater.
Affiliates of Stellus Capital Management provided senior debt financing to support the acquisition of NewsCred’s content marketing studio by Industry Dive, a portfolio company of Falfurrias Capital Partners.
Capital One’s unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017.
Capital One launched a new program to originate unitranche loans to middle-market healthcare companies, with HPS Investment Partners as its strategic co-investor.
Franklin Square Capital Partners announced the origination of a unitranche term loan to finance a dividend recapitalization of Dent Wizard International.
Nutter McClennen & Fish attorneys Philip R. Rosenblatt and John G. Loughnane discuss the uncertainty lenders may face when involved in a unitranche transaction. Since the unitranche model has not been thoroughly tested in court, they caution that when times get tough, lender parties will need the benefit of a well-crafted agreement—one that helps reach a solution instead of inadvertently accelerating a troubled situation.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $55 million unitranche financing to support the growth of Incipio Technologies.
In an increasingly complicated lending market, sometimes it pays to keep it simple. In an interview with Tom Aronson and Lee Stern of Monroe Capital, ABF Journal contributor Carol Clouse discusses the growing popularity of unitranche loans, which were first widely used during the height of the financial crisis.
According to Forbes, unitranche lending proves to have more staying power than anticipated. Calling unitranche debt the “it” product during the credit crises, Forbes notes that the financing alternative remains popular, despite the revitalized economy.