Full Circle Capital announced the closing of a $9 million senior secured credit facility with Infinite Aegis Group. The credit facility consists of a senior revolving line of credit and a senior term loan, and is an example of Full Circle Capital’s application of stretch senior, or unitranche, capital solutions. Full Circle Capital retained $5 million of the credit facility and the remaining $4 million balance was provided by another lender.
Infinite Aegis, based in Denver, CO, provides revenue cycle management services to healthcare service providers including large hospital systems and doctor owned clinics.
Proceeds of the credit facility were used to fund the acquisition of Rocky Mountain Urgent Care, which owns and operates nine urgent care centers in Colorado, and Rocky Mountain Medical Group, which owns and operates three occupational medicine centers in Colorado.
Full Circle Capital is a Rye Brook, New York based closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.