Overland Advantage, a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced that it served as sole lead arranger and book-runner for a $215.0 million credit facility in support of a new loan origination to facilitate the ongoing growth of FFF Enterprises, Inc., a founder-owned company. In connection with the transaction, Wells Fargo continues to lead a $904.0 million Wells Fargo-agented asset-based loan.

FFF has been recognized as the nation's most trusted specialty drug distributor and diversified healthcare company since 1988.

"We are excited to partner with Overland, and we believe that the flexibility of the capital that was provided will enable FFF to focus on opportunities to expand our product offerings, grow our specialty distribution capabilities into new markets, and ultimately, support the overall healthcare ecosystem," said Patrick M. Schmidt, chief executive officer of FFF Enterprises.

"We are very pleased to support FFF," said Gavin Baiera, CEO and Trustee of Overland Advantage and Senior Managing Director at Centerbridge. "We have been a leading investor in healthcare businesses and providing an innovative financing solution through Overland highlights our capability and desire to support growing, founder-owned businesses."

Kurt Marsden, head of Wells Fargo Capital Finance, shared, "Providing long-time clients like FFF Enterprises with seamless access to private credit solutions through Overland and our leading asset-based lending platform gives them a broader set of options to pursue their goals, complementing our comprehensive suite of financial services including treasury management and investment banking."