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Antares Capital Agents $115MM Facility to Support XIFIN Refinancing

Date: Dec 01, 2015 @ 08:04 AM
Filed Under: Technology

Antares Capital was lead arranger of a $115 million credit facility to support the refinancing of XIFIN, Inc. by GTCR. Antares served as joint lead arranger and joint bookrunner on the facility.

XIFIN, headquartered in San Diego, is a leading provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes.

“We have been looking to work with Antares for some time and the XIFIN deal was the right one out of the gate,” said Jeff Heh, vice president at GTCR. “Not only is Antares highly reputable when it comes to reliability and speed to close, but their Chief Credit Officer Tyler Lindblad is very familiar with XIFIN and the healthcare sector overall.”

“We're thrilled to be working with GTCR on the refinancing of XIFIN,” said Doug Koch, managing director with Antares Capital. “We really like XIFIN’s market position and unique value proposition and look forward to a long, successful relationship with GTCR.”

XIFIN is an innovative software and services company dedicated to optimizing the economics of healthcare. The company’s cloud-based technology and business intelligence platform links healthcare stakeholders in the delivery and reimbursement of care, optimizing both business and patient outcomes and providing informed, streamlined diagnostic and business decision-making.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $10 billion in over 200 companies.

Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Norwalk (Connecticut) and Toronto. Antares has provided more than $120 billion in financing over the past five years, and was named 2014 lender of the Year by Mergers & Acquisitions. Antares also was recognized by Private Debt Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively.

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