OTC Global Holdings (OTCGH) closed a senior secured term-loan financing provided by Whitehorse, a credit affiliate of global investment firm H.I.G. Capital.
Over the past 15 years, OTC Global Holdings has transformed into a highly technological interdealer brokerage firm focused 100% on global commodity markets, and being named Broker of the Year in 2011, 2016, 2017, 2019 and now 2022.
“We are pleased to announce today our partnership with a leading alternative asset manager in H.I.G. Whitehorse, who we believe will help bolster our record growth and consolidate our global position as the largest independent interdealer broker. We look forward to continuing to build out our platform while attracting the best talent across the world,” Javier Loya, chairman and co-CEO of OTC Global Holdings, said.
OTCGH intends to use the proceeds to fuel its strategic acquisitions roadmap and continue to recruit top brokerage talent.
“We are very excited about our markets and the prospect of opportunity that the partnership with H.I.G. Whitehorse offers for us to continue to innovate in every commodity market around the world,” Joe Kelly, president and co-CEO of OTC Global Holdings, said.
Sam Goldworm, managing director at WhiteHorse Capital, said. “We look forward to working with the OTC management team to support the continued growth of the platform.”
