Andrew Hedlund’s Post

Just in: Antares Capital LP leads c.$1.5bn refinancing for Genstar Capital backed OEC Leading a group of private credit lenders, Antares is providing a refi package for the software development firm, which includes a $1.15bn unitranche, a $200m capex facility and a $125m revolver. The proceeds will be used to refinance the existing debt of c.$600m first lien and $365m second lien. Once again, we are seeing firms opting for private credit solutions to take out broadly syndicated debt, which is a reflection of the popularity and competitive edge of the private lenders. While public market conditions may be volatile on the back of economic indicators, central bank speeches, or even credit events in similar sector, private lenders could prove to be more stable in supporting immediate funding needs. Follow to stay updated in private credit and alternative investment. #privatecredit #privateequity #investmentbanking #alternativeinvestment #investing

Parts Town may reprice its private credit financing to a rate as low as S+475, potentially bringing down the interest rate materially. Its two existing debt facilities, a $1.6bn Golub Capital-led unitranche is priced at S+598, while a non-fungible $450mn incremental term loan is priced at S+650, according to regulatory filings from a Golub-managed BDC. It comes as direct lenders have begun repricing some of their prized assets, as LevFin Insights has reported, to ward off both the syndicated market and other direct lenders from poaching some of the best credits. https://lnkd.in/dx9wK9Q7 #privatecredit #privatedebt #directlending #leveragedfinance #broadlysyndicated

Antares Capital LP is proud to be ranked the No. 1 most active direct lender for the first half of 2024, according to KBRA Direct Lending Deals (KBRA DLD) league tables, which were announced in July. Thank you to our private equity partners who have placed their trust in us for nearly 30 years. See our recent transactions here: https://lnkd.in/equA_-Qs 𝐶𝑜𝑚𝑚𝑒𝑛𝑡𝑠 𝑖𝑛 𝑡ℎ𝑖𝑠 𝑡ℎ𝑟𝑒𝑎𝑑 𝑎𝑐𝑘𝑛𝑜𝑤𝑙𝑒𝑑𝑔𝑖𝑛𝑔 𝑜𝑢𝑟 𝑎𝑐ℎ𝑖𝑒𝑣𝑒𝑚𝑒𝑛𝑡 𝑚𝑎𝑦 𝑏𝑒 𝑓𝑟𝑜𝑚 𝑜𝑢𝑟 𝑒𝑥𝑖𝑠𝑡𝑖𝑛𝑔 𝑐𝑙𝑖𝑒𝑛𝑡𝑠 𝑎𝑛𝑑 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑟 𝑟𝑒𝑙𝑎𝑡𝑖𝑜𝑛𝑠ℎ𝑖𝑝𝑠 𝑎𝑛𝑑 𝑠ℎ𝑜𝑢𝑙𝑑 𝑛𝑜𝑡 𝑏𝑒 𝑑𝑒𝑒𝑚𝑒𝑑 𝑎𝑠 𝑎𝑛 𝑒𝑛𝑑𝑜𝑟𝑠𝑒𝑚𝑒𝑛𝑡 𝑜𝑟 𝑡𝑒𝑠𝑡𝑖𝑚𝑜𝑛𝑖𝑎𝑙. 𝑁𝑜 𝑐𝑜𝑚𝑝𝑒𝑛𝑠𝑎𝑡𝑖𝑜𝑛 𝑤𝑎𝑠 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑑 𝑡𝑜 𝑜𝑏𝑡𝑎𝑖𝑛 𝑡ℎ𝑒 𝑟𝑎𝑡𝑖𝑛𝑔.  #Directlending #privatecredit #alternativeinvestments

Direct lenders are in a race to the bottom on pricing as competition ticks up with a resurgence of activity in the lev loan market. Ares Management Corp., AllianceBernstein, Golub Capital and Blue Owl are all linked to EQT's most recent financing package, now priced 1.25% lower than the last round of financing for the same company just 6 months ago. Additionally, direct lenders are increasingly going cov-lite due to pressure from the kingmakers of deal flow....PE sponsors. To top it all off, investors claiming well diversified private credit allocations are now finding different slices of the same deals across multiple direct lending strategies. To my institutional network, are you as diversified as you think you are? Lets talk about middle-market ABL, which does not suffer the same overlap as discussed here. https://lnkd.in/d-26kA2K

Real estate investors, you can qualify for a DSCR loan with only 15% down! Financing qualifications are based on expected rental property cash flow or debt service coverage ratio, with no income documents required. 💸 To learn more about our in-house delegated investor loans or to get quickly pre-approved, reach out today! #BluPrintHomeLoans #HomeLoans #InvestorLoans #RealEstateInvestor #RealEstateInvesting #InvestmentProperty #InvestorFinancing #InvestorTips #DSCRLoan #DebtServiceCoverageRatio

Real estate investors, you can qualify for a DSCR loan with only 15% down! Financing qualifications are based on expected rental property cash flow or debt service coverage ratio, with no income documents required. 💸 To learn more about our in-house delegated investor loans or to get quickly pre-approved, reach out today! #BluPrintHomeLoans #HomeLoans #InvestorLoans #RealEstateInvestor #RealEstateInvesting #InvestmentProperty #InvestorFinancing #InvestorTips #DSCRLoan #DebtServiceCoverageRatio

Real estate investors, you can qualify for a DSCR loan with only 15% down! Financing qualifications are based on expected rental property cash flow or debt service coverage ratio, with no income documents required. 💸 To learn more about our in-house delegated investor loans or to get quickly pre-approved, reach out today! #BluPrintHomeLoans #HomeLoans #InvestorLoans #RealEstateInvestor #RealEstateInvesting #InvestmentProperty #InvestorFinancing #InvestorTips #DSCRLoan #DebtServiceCoverageRatio

Real estate investors, you can qualify for a DSCR loan with only 15% down! Financing qualifications are based on expected rental property cash flow or debt service coverage ratio, with no income documents required. 💸 To learn more about our in-house delegated investor loans or to get quickly pre-approved, reach out today! #BluPrintHomeLoans #HomeLoans #InvestorLoans #RealEstateInvestor #RealEstateInvesting #InvestmentProperty #InvestorFinancing #InvestorTips #DSCRLoan #DebtServiceCoverageRatio

5 New-Issue CLO’s in Europe? A signal of strength and stability, or coming growth through year end? Read the market update available at the link below!

Real estate investors, you can qualify for a DSCR loan with only 15% down! Financing qualifications are based on expected rental property cash flow or debt service coverage ratio, with no income documents required. 💸 To learn more about our in-house delegated investor loans or to get quickly pre-approved, reach out today! #BluPrintHomeLoans #HomeLoans #InvestorLoans #RealEstateInvestor #RealEstateInvesting #InvestmentProperty #InvestorFinancing #InvestorTips #DSCRLoan #DebtServiceCoverageRatio