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Global Private Equity Partners Arranges $195MM Revolver for Medical Equipment Manufacturer

February 17, 2021, 07:40 AM
Filed Under: Medical

Medical Equipment Manufacturer secured a new $195 million revolving credit facility from Global Private Equity Partners.

Effective immediately, the new credit facility replaced the Company’s existing $70 million credit facility which was comprised of five term loans. Terms of the new senior secured credit facility include a ten-year term, no amortization, and an Adjusted LIBOR Rate plus an interest rate range based on market conditions, and the Company’s Total Leverage Ratio as defined in the Credit Agreement.

Chief Executive Officer of Medical Equipment Manufacturer said, “We are pleased to announce our new credit facility which is designed to give us additional liquidity and enhanced financial flexibility and align with our growth-oriented capital allocation strategies. We are now better positioned to capitalize on strategic opportunities to grow and scale up our two operating platforms.

Chief Executive Officer of Medical Equipment Manufacturer further said, “it was extremely pleasing to work with Global Private Equity Partners, they have in-house experts that understand our business and Global Private Equity Partners was effective and prompt in their work; quite impressive.

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