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ComplexCare Solutions Closes Refinancing with Regions Bank and Pinnacle Bank, Lowering Cost of Capital and Enabling Long-term Growth

RF
  • ComplexCare Solutions closed a refinancing of its senior secured credit facilities with new lenders Regions Bank and Pinnacle Bank.
  • The new facilities consist of a revolving credit facility, a Term Loan A, and an accordion feature to support future growth.
  • Proceeds from the term loan repaid the Company's existing term loan in full and covered related fees and expenses.
  • The refinancing reduced the interest rate on borrowings and extended the debt maturity date to 2031.
  • Regions Bank serves as the Administrative Agent, with Regions Capital Markets as Left Lead Arranger and Pinnacle Bank as Joint Lead Arranger.
  • Regions Bank will act as the Company's primary treasury management and depository bank.
  • The new capital structure provides committed capital for working capital and a pipeline of potential acquisitions.
  • Regions Bank, Pinnacle Bank, and Vesey Street Capital Partners are key partners in this transaction.
Company
ComplexCare Solutions
Keywords
ComplexCare Solutions