Direct Lending and Private Credit Lending

Clients benefit from our collaborative, full service approach and broad knowledge of diverse direct lending and private credit products, which enables us to deliver innovative strategies and successful results under accelerated time-frames.

Our deep global experience extends to all parts of the capital structure, including senior secured facilities, mezzanine financings, unitranche facilities, convertible debt financings, rescue loans, and debtor-in-possession facilities. Our debt and equity teams work together seamlessly to document the equity components of each transaction, including preferred equity warrants and equity kickers.

We are recognized authorities on intercreditor arrangements (including first-lien, second-lien and split-lien structures, as well as agreements among lenders and subordination agreements) and collateral documentation, from both the senior and junior capital perspectives across all lending products.

Through collaboration with our leading Financial Restructuring group, we are able to provide strategic, creative legal counsel and guide our clients through complex in and out-of-court restructurings and liability management transactions across multiple jurisdictions, including direct lending into distressed scenarios.

Select Representations

  • Blackstone Credit, Ares Corporation and PSP Investments Credit II USA LLC on the debt financing in connection with Thoma Bravo’s definitive agreement to acquire Stamps.com for $6.6 billion.

  • Ares Capital Management as Administrative Agent and Collateral Agent and each of the lenders in connection with the acquisition financing for Bottomline Intermediate Holdings III, LLC's acquisition of Bottomline Technologies, Inc., a financial technology company, and Thoma Bravo portfolio company. The $1.3 billion financing consisted of a $1.2 billion senior secured term loan facility (unitranche) and a $100 million senior secured non-amortizing revolving credit facility.

  • Golub Capital LLC as lead arranger and lender on a $250 million incremental first-lien term loan and $225 million incremental first-lien delayed draw term loan for Midwest Veterinary Partners, LLC.

  • Adams Street Partner as lead arranger on the financing for the acquisition of healthcare franchises. The financing consisted of a $364.55 million senior credit facility.

  • Blackstone along with several other lenders on the financing for the acquisition of Packlink Shipping S.L. The financing consisted of a $150 million incremental facility.

  • Ares Capital Corporation as sole lead arranger and a lender on the financing for the acquisition by Thoma Bravo of CPOMS Systems Ltd., a software solution for safeguarding and pastoral support. The financing consisted of a $135 million term facility and $15 million revolving credit facility.

  • Golub Capital LLC, as lead arranger, and Jefferies Finance LLC, as administrative agent, on a $140 million first-lien incremental term loan for Southern Veterinary Partners, LLC.

  • Eagle Point as lender and agent in a facility consisting of $100 million in term loan commitments in order to allow the borrower to fund new investments and for general corporate purposes.

  • Golub Capital LLC, as incremental arranger and lender, and Jefferies Finance LLC, as administrative agent, on a $100 million first-lien incremental term facility financing for Midwest Veterinary Partners, LLC.

  • WhiteHorse as agent and lender on the financing for the acquisition of two companies by subsidiaries of MGT of America Consulting, a company providing management consulting and technology services, owned by Trivest Partners. The $77.5 million financing consisted of $70 million term loan and $7.5 million revolving commitments.

  • Churchill Asset Management as lead arranger and Churchill Agency Services as agent on the financing for the acquisition of Nutra-Med Packaging (NMP Holdings LLC), a pharmaceutical packaging company. The financing consisted of a $46 million first-lien term loan, a $20 million first-lien DDTL, and an $8 million first-lien revolver.

  • Monroe as administrative agent and its lender affiliates on a financing to Exiger LLC, a risk management software company, as borrower, up to an aggregate principal amount of $70 million in the form of (a) revolving loans of up to $5 million, (b) initial term loans on the closing date in an aggregate principal amount up to $50 million, and (c) delayed draw term loans in an aggregate principal amount up to $15 million.

  • Sixth Street as administrative agent, collateral agent, and lead arranger on the financing for the acquisition of Webscale by Employment Hero Pty Ltd. The financing consisted of a $40 million term commitment, a $3 million revolving commitment, a $10 million delayed draw term A commitment, and a $10 million delayed draw term B commitment.

  • Monroe Capital Management Advisors, LLC, as administrative agent, lead arranger, and bookrunner, on a $5 million senior secured revolving credit facility, $25 million senior secured term loan facility, and $20 million senior secured delayed draw term loan facility, for the acquisition of SIP Care Management, LLC, and its subsidiaries.

  • Monroe as administrative agent and collateral agent on the financing of the acquisition of Envoy Global, Inc. The financing consisted of an initial term loan of $45 million and a revolving credit commitment of $10 million. The revolving facility includes swing line loans and one or more letters of credit.

  • First Eagle as agent, lead arranger, and sole bookrunner on the financing for the acquisition of Lighthouse Behavioral Health Solutions, a company that provides certain medical care facilities. The financing consisted of a $5 million revolving facility, $10 million first-lien term facility, $10 million DDTL facility and incremental term and revolver facilities.

  • Monroe Capital Management Advisors, LLC, as administrative agent and collateral agent, on the financing for the acquisition of MyCase, Inc., by Apax Partners, L.L.P. The financing consisted of a $25 million initial term loan and $5 million revolving credit commitment.

  • Elm Park Capital Management, LLC, as agent to provide the financing for Core Security SDI Corporation and its subsidiaries, a software security company. The financing consisted of a $20 million second-lien term facility.

  • Harbert Stoneview and BCIM, each as lenders in the financing of the ground‐breaking railway expansion, Brightline West, a high‐speed rail route linking West Coast travel hubs.

  • Adams Street Partners and Oaktree Capital Management as lenders on the second amendment to a credit agreement with Kamps Inc. and certain of its affiliates, which lenders provided term loans and delayed draw term loans to fund the acquisition of three pallet manufacturers.

  • Antares Capital LP as lead arranger on the incremental financing for the acquisition of certain Austrian entities by V Global Holdings, LLC, and Vertellus Specialties UK Limited.

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