FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Capital One, HPS Investment Partners Support Excellere’s Partnership with SePRO Corporation

Date: Mar 19, 2019 @ 08:13 AM
Filed Under: Chemicals

Capital One announced that it served as administrative agent and joint lead arranger on a senior secured unitranche facility to support Excellere Partners’ recapitalization in partnership with the founder and management of SePRO, a specialty chemical producer that provides products and services for the plant management, plant protection and specialty agriculture markets. The facility was provided in part by Capital One’s ULTra unitranche loan program.

Within the press release below, Bob McCarrick, Head of Middle Market Banking at Capital One, notes that “In this dynamic environment, a seamless, one-stop financing solution can give private equity sponsors and borrowers a significant advantage.”

As background, the ULTra program, with HPS Investment Partners as its strategic co-investor, helps borrowers obtain unitranche loans without a rating agency or syndication process. This approach increases certainty of execution, and borrowers benefit from the simplicity of managing a single credit facility.

 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.