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Capital One Leads $65MM Credit Facility for Harbor Group Consulting

October 05, 2017, 07:09 AM
Filed Under: Insurance

Capital One N.A. Sponsor Finance announced that it led a $65 million senior secured credit facility for Harbor Group Consulting. Capital One acted as administrative agent and sole lead arranger for the transaction. The financing supports general corporate interests as well as a dividend payment. Harbor Consulting Group is co-owned by Stone Point Capital and company Founder/CEO Michael Liebowitz.

“The team at Capital One were impressively responsive to our needs, “said Liebowitz. “They were able to take the lead and quickly provide us with the competitive financing solution that we needed.” 

Harbor Group Consulting is an insurance consultant and due diligence advisor to commercial banks, lenders and other financial institutions. They provide insurance advisory and analysis for commercial loan and CMBS transactions, due diligence support for M&A transactions and monitoring of coverage and policy renewals for lenders and servicers. Stone Point Capital is a private equity firm which has been investing in the global financial services industry since 1994.

“Capital One is proud to lead this transaction, providing the best possible financing tailored to Harbor’s specific needs. We are also pleased to be a strategic partner to Stone Point Capital and to have successfully executed this deal for both,” said Sheena Fenton, Managing Director for Capital One Sponsor Finance.

Capital One N.A. Sponsor Finance is a provider of financing, banking and capital markets services to the middle market private equity sponsor community, offering creative and flexible capital to customers across a broad range of industries. Customized financing solutions provided include acquisition financings, refinancing of existing debt, recapitalizations, support for working capital needs and funding growth initiatives.

 







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