Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger of a private unitranche facility to support Carlyle’s acquisition of Worldpac, Inc., a formerly fully owned subsidiary of Advance Auto Parts, Inc. Worldpac is a national distributor of original equipment and quality aftermarket replacement automotive parts, primarily to independent service professionals. OHA provided the entire unitranche financing facility, while its private credit joint venture partner BMO Capital Markets served as Administrative Agent on the company’s asset-based lending (“ABL”) facility.
 
OHA’s comprehensive understanding of the automotive aftermarket industry positioned it to provide constructive feedback to the sponsor and lead and structure this tailored financing solution.

“We are pleased to extend our long-standing partnership with Carlyle by lending in scale to support this transaction,” said Eric Muller, Partner and Portfolio Manager at OHA. “Operating in a recession-resistant and growing end market, Worldpac has maintained strong competitive positioning and a diversified business model, and we look forward to the future growth that we believe the company is well-positioned to achieve.”