Capital One announced that it served as administrative agent and joint lead arranger on a senior secured unitranche facility to support Excellere Partners’ recapitalization in partnership with the founder and management of SePRO, a specialty chemical producer that provides products and services for the plant management, plant protection and specialty agriculture markets. The facility was provided in part by Capital One’s ULTra unitranche loan program.

Within the press release below, Bob McCarrick, Head of Middle Market Banking at Capital One, notes that “In this dynamic environment, a seamless, one-stop financing solution can give private equity sponsors and borrowers a significant advantage.”

As background, the ULTra program, with HPS Investment Partners as its strategic co-investor, helps borrowers obtain unitranche loans without a rating agency or syndication process. This approach increases certainty of execution, and borrowers benefit from the simplicity of managing a single credit facility.