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Macquarie CAF Lending provided a $250 million first lien senior credit
facility to Netsmart as one of two club lenders each providing $125
million
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Macquarie CAF Lending provided a “one-stop” direct lending solution to
Netsmart without the need for pricing flex or transaction execution
risk
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Facility supports recapitalization of Netsmart by owner and financial
sponsor Genstar Capital
NEW YORK -- (Business Wire)
Macquarie CAF Lending, part of Macquarie’s Corporate and Asset Finance
Group, provided $125 million of a $250 million first lien senior credit
facility to support the recapitalization of Netsmart Technologies, Inc.
(“Netsmart”) by Genstar Capital, LLC ("Genstar").
Bill Eckmann, a Managing Director at Macquarie CAF Lending said:
“Macquarie is pleased to provide this lending commitment to Netsmart. We
are excited to again be partnering with Genstar and another one of their
portfolio companies."
Roman Margolin, a Principal at Genstar, stated: “We are very pleased
with the outcome of this transaction, and working with Macquarie in
order to achieve it. Macquarie was creative and responsive to our
capital objectives for Netsmart, and Macquarie’s ability to deliver a
sizable dollar commitment is truly differentiated. We look forward to
continuing our long-standing lending relationship with the principals of
Macquarie CAF Lending.”
Netsmart, established in 1968, provides technology solutions in health
and human services to support integrated, coordinated delivery of health
services across the spectrum of care to more than 23,000 client
organizations, including 450,000 care providers and more than 40 state
systems.
About Macquarie CAF Lending
Macquarie Group (ASX: MQG; ADR: MQBKY) is a leading provider of banking,
financing, advisory, investment and fund management services. Founded in
1969, Macquarie Group employs more than 13,900 people in 28 countries.
Part of the Macquarie Group's Corporate and Asset Finance business,
Macquarie CAF Lending is the principal finance and investing arm of
Macquarie Bank focused on corporate and commercial real estate clients.
As a leading primary lender across North America, Europe, and Australia,
Macquarie CAF Lending has provided more than $25 billion of new lending
commitments to over 400 clients globally since 2009.
In addition to the ability to deliver a one-stop unitranche financing
for the acquisition or recapitalization of businesses with $10 million
to $60 million EBITDA, Macquarie CAF Lending provides revolvers, senior
and stretch senior loans, junior capital including second lien loans,
mezzanine and private high-yield notes, holdco notes, structured or
preferred equity financing, and asset, project and commercial real
estate financing alternatives.
Contacts:
Macquarie Group
Stephen Yan, +1 212-231-1310
Corporate
Communications
stephen.yan@macquarie.com
Source: Macquarie Group
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