Fortress Investment Group announced that funds managed by its affiliates (“Fortress”) have provided a term loan as part of a $240 million senior secured credit facility to Overseas Adventure Travel. Fortress served as sole arranger on the credit facility, and as admin agent and sole lender on the $220 million term loan.

The facility will support Overseas Adventure Travel’s ongoing growth as it seeks to offer its culturally immersive experiences across seven continents to more customers.

Overseas Adventure Travel is a family-owned company headquartered in Boston, with 35 offices worldwide. It offers tours under its namesake brand, as well as Grand Circle Cruise Line and Grand Circle Travel. Its itineraries emphasize local interactions and cultural experiences, while offering travelers flexibility through optional trip extensions, flight choices, early arrivals, and more. Tours are limited to small groups - no more than 16 travelers by land and 25 by ship - allowing access to destinations and experiences unavailable to larger groups.

“The Fortress team is pleased to support Overseas Adventure Travel’s ongoing growth plan with this new credit facility as the company aims to offer its differentiated and small-group travel itineraries to more travelers across the world,” says Max Saffian, Managing Director, Corporate Credit, Fortress Investment Group.