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Alpine Capital Closes $7.2MM Senior Credit Facility for Satori Waters

January 05, 2017, 07:25 AM
Filed Under: Healthcare

Alpine Capital, as servicer and agent, has closed a senior debt financing facility for Satori Waters LLC, a substance abuse treatment company that provides rehabilitation services including partial hospitalization (“PHP”) and intensive outpatient programs (“IOP”) to patients seeking to overcome influences of prolonged drug and alcohol abuse.  The financing consisted of a $5.0MM senior secured revolving line of credit and a $2.2MM term loan.  Proceeds from the financing will go towards refinancing existing indebtedness and to support its growth and working capital needs.

“We were extremely pleased with Alpine’s professionalism and their ability to customize a solution designed to support the continued growth of our behavioral health platform.” said Judd Brazer, CEO of Satori Waters.

“We are excited to have the opportunity to partner with Satori Waters, a leading provider of behavioral health services in Florida.   We look forward to continuing to serve as a debt capital resource, as they look to capitalize on high growth opportunities within the fast-growing behavioral health sector,” said Alan Regdos, CEO for Alpine Capital.

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