TerraNova Capital Structured Finance, the credit advisory and specialty finance group of TerraNova Capital Equities, closed a $57 million term loan for ATSG, a RunTide Capital portfolio company. TerraNova Structured Finance acted as sole placement agent for this facility. In addition to the refinancing of ATSG’s existing debt facility, the funds were used in the acquisition of a technology platform and managed services provider by ATSG
“In successfully executing this refinancing and expansion of ATSG’s credit facility, TerraNova Structured Finance has provided the company with the funding necessary to support ATSG’s continued growth,” Todd Coffin, senior managing director of TerraNova, said.
“TerraNova was a great adviser throughout the transaction. We were grateful for their ability to bring many options and solutions to the table,” Chuck Auster, partner at RunTide Capital and chairman of the ATSG board, said.
