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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Ares Capital Provides $150MM Credit Facility to Paragon 28
Wednesday, November 8, 2023
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Lenders/Participants
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Ares Capital Corporation [Lender]
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Structure
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$100MM Term Loan; $50MM Revolving Credit Facility
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Amount
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$150.000
Million
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Borrower(s)
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Paragon 28
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Description
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A new $150 million credit facility from Ares Capital Corporation to replace its existing $90 million senior credit facility. The Facility is comprised of up to $100 million in term loans, with $75 million drawn at close, and a $50 million revolving credit facility, with $25 million drawn at close. The Facility is non-dilutive without warrants or other equity-based instruments. The Company’s September 30, 2023, pro forma liquidity is $147.0 million, including $97.0 million of pro forma cash and $50 million of available borrowings under the Facility.
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Industry
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Medical
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Location
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CO
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| Related Tags |
Ares Capital, Ares Capital Corporation, Paragon 28
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ABL Advisor
Deal Tables
2025
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