TROW - OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of MedVet | Benzinga
New York, New York, June 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan.
OHA's reputation and experience investing in the veterinary care space for nearly a decade positioned it to source and diligence this opportunity. OHA made its first investment in a veterinary services platform in 2014 and currently has over $1 billion invested in animal health and pet care businesses, ranging from private unitranche to junior capital financings. This non-sponsored transaction also demonstrates ...