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Capital One Leads $500MM Senior Credit Facility for AMC-Situs Merger

July 02, 2019, 08:50 AM
Filed Under: Mergers & Acquisitions

Capital One Sponsor Finance announced that it led a $500 million senior credit facility in support of the merger between American Mortgage Consultants (AMC) and Situs Holdings, both existing portfolio companies of Stone Point Capital (SPC). Capital One acted as lead arranger and administrative agent for the transaction.

“Capital One provided us with a unique financing solution, demonstrating not just their responsiveness but their understanding of our business goals and capital needs,” said Andrew Reutter, Principal at SPC.

AMC is a provider of outsourced consulting and technology services to the U.S. residential secondary mortgage market. AMC acts as intermediary between rating agencies and investors/securitizers of loans in the residential secondary mortgage market. Situs specializes in CRE loan advisory & integrated services, providing end-to-end outsourced services & solutions supporting the full life cycle of real estate debt & equity across three core capabilities: Advisory Services, Servicing & Asset Management, and Valuation.

SPC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds – the Trident Funds – with aggregate committed capital of approximately $19 billion.

“Capital One is proud to lead this transaction, providing the flexible financing solution and certainty of execution that AMC and Situs needed for a successful merger,” said Sheena Fenton, Managing Director for Capital One Sponsor Finance. “Working with such strong partners made it even easier for us to deliver top quality results and service.”

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