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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Harris Leads Lenders in Patriot National’s $80MM Facility
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Lenders/Participants
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BMO Harris Bank [Lead Lender]
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Structure
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$40MM Revolver; $40MM Term Loan
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Amount
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$80.000
Million
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Borrower(s)
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Patriot National, Inc.
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Description
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The new facility, which closed on January 22, 2015 and matures in January 2020, consists of a $40 million revolving credit facility and a $40 million term loan facility. The company intends to make borrowings of $40 million (or approximately $38.5 million net of loan fees), and together with the proceeds of its recent initial public offering, intends to repay $120 million outstanding under its existing loan agreements and for general corporate purposes.
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Industry
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Insurance
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| Related Tags |
BMO Harris Bank
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ABL Advisor
Deal Tables
2024
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