OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of MedVet
Oak Hill Advisors (OHA) announced its role as Administrative Agent and Lead Left Arranger for a private unitranche facility to support the recapitalization of MedVet, a leading network of specialty and emergency veterinary hospitals in the U.S. OHA was the sole lender, providing a term loan and a delayed draw term loan. OHA's extensive experience in veterinary care investment, with over $1 billion invested in the animal health and pet care sector since 2014, was important in securing this opportunity. MedVet CFO Dain Bussewitz praised OHA's commitment and expertise, which facilitated the streamlined execution of the refinancing and supported MedVet's growth plans.
- OHA's role as sole lender in the private unitranche facility for MedVet.
- OHA's $1 billion investment in animal health and pet care businesses.
- Successful history since 2014 in veterinary services investment.
- Streamlined execution of MedVet's refinancing with OHA's support.
- None.
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
“OHA is a true partner in this important transaction for our organization,” said MedVet CFO Dain Bussewitz, “OHA’s knowledge of our profession, ability to commit to the entire unitranche facility and structuring insight enabled streamlined execution of our refinancing while providing capacity to support the next phase of our growth.”
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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately
With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com.
About MedVet: MedVet is the largest independent veterinarian owned and led network of specialty and emergency hospitals dedicated to delivering exceptional care and a deeply supportive experience to pets and their loving families, referring veterinarians, and their caregivers. For nearly 40 years, the organization’s empathetic, insightful, and driven team of expert caregivers has helped MedVet become the preferred choice for high-quality, compassionate care; proudly providing more than 500,000 patient visits each year in communities throughout the United States. You can learn more about MedVet by visiting medvet.com.
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