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Struggling Corporate Borrowers Turn to Private Credit to Defer Interest
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Struggling Corporate Borrowers Turn to Private Credit to Defer Interest
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Posted on 10253
Audax Private Debt and Adams Street Partners, as Joint Lead Arrangers, provided a unitranche credit facility to support Freeman Spogli’s acquisition of US Med-Equip (“USME” or the “Company”), a value-added distributor and rental provider of movable medical equipment. Varagon Capital Partners and Madison Capital Funding, as joint syndication agents, and Willow Tree Credit Partners also supported the financing. Audax Private Debt also served as Administrative and Collateral Agent.
Houston-headquartered USME partners with hospitals across the United States in the rental, sale, service, and asset management of movable medical equipment including diagnostic and clinical devices ranging from infusion pumps and patient monitors to ventilators, newborn incubators, and more. Founded in 2003, USME is a rapidly growing distributor and provider of movable medical equipment rentals with more than 40 locatio
Audax Private Debt and Adams Street Partners Provide Financing to Support Freeman Spogli s Acquisition of US Med-Equip | Business
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