Bankruptcy Management gets $95 million amended and restated facility

By Sara Rosenberg

New York, July 9 - Bankruptcy Management Solutions Inc. closed on a new $95 million amended and restated credit facility, according to a market source.

Cantor Fitzgerald Securities is the administrative agent on the deal that was completed on June 27.

The facility consists of a $2.5 million delayed-draw term loan, a $12.5 million four-year term loan A and an $80 million five-year term loan B.

Pricing on the term loan A is Libor plus 350 basis points, and pricing on the term loan B is Libor plus 600 bps. The tranches have a 1% Libor floor.

Proceeds were used to refinance existing debt.

Bankruptcy Management is an Irvine, Calif.-based provider of an end-to-end technology platform for the bankruptcy industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.