FT Partners Serves as Capital Markets Advisor to Performant Financial on Securing its
$147.5 Million Credit Facility
Overview of Transaction
- On March 19, 2012, Performant Financial ("Performant") announced it had secured a new $147,500,000 credit facility
- Proceeds will be used to refinance the existing credit facility and buy out a portion of the Company's preferred equity
- FT Partners worked with a number of lenders, and the Company ultimately chose Madison Capital as Lead Arranger for the facility
- Transaction allowed the Company to significantly reduce interest expense and increase flexibility to pursue future strategic acquisitions
- FT Partners served as the exclusive capital markets advisor to Performant and its management team
- Transaction highlights FT Partners' ability to successfully and efficiently help clients to execute complex capital markets transactions
- FT Partners worked with the Company and Madison Capital to develop a detailed and comprehensive set of marketing and financial materials to highlight the unique value proposition of Performant and to enable efficient and thorough investor diligence