CHICAGO--(BUSINESS WIRE)--Antares announced today that it served as joint lead arranger, and will act as administrative agent, for a $138 million senior secured credit facility to support the acquisition of ImageFirst Healthcare Laundry Specialists (“ImageFirst” or the “Company”) by Calera Capital Partners.
Founded in 1967 and headquartered in King of Prussia, PA, ImageFirst is a leading linen rental and laundry service company specializing in the healthcare market throughout the U.S.
“The Antares team committed to a large hold position and delivered the financing we required with speed and certainty,” said Ethan Thurow, a managing director with Calera Capital. “We look forward to continuing to work together to support ImageFirst’s growth both organically and through acquisition.”
“ImageFirst’s strong customer-focused culture has helped to differentiate the company and establish it as an industry leader,” said Ryan Simpson, vice president with Antares. “The strength of ImageFirst’s management team and the strategic and operational expertise of Calera will be a powerful combination that will help to propel ImageFirst forward as they continue to execute their growth plans.”
About Antares
With more than $21 billion of capital under management and administration as of June 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).