Overland Advantage Announces Role as Lead Arranger for MaxiTransfers’ $74.0 Million Second Lien Credit Facility
New York, NY – March 13, 2025
Overland Advantage, a business development company (BDC) with a unique direct lending approach, has recently announced its role as the lead arranger for a $74.0 million second lien credit facility in support of MaxiTransfers (“Maxi”), a portfolio company of Housatonic Partners. This transaction is part of Maxi’s recapitalization process, with Wells Fargo continuing as the agent and lead lender for a $90.0 million revolving credit facility.
Overland Advantage’s Role in the Transaction
Overland Advantage’s involvement in this transaction is a testament to its differentiated approach to business development. The strategic relationship between Overland and Centerbridge Partners, as well as Wells Fargo, has enabled Overland to secure a significant role in the financing of Maxi’s recapitalization.
Impact on MaxiTransfers
MaxiTransfers, a leading provider of cross-border payment and foreign exchange services, is expected to benefit from this recapitalization transaction. The new credit facilities will provide the company with additional liquidity and financial flexibility to pursue growth opportunities and manage its operations more effectively.
Impact on Investors
For investors in Overland Advantage, this transaction represents a successful application of the company’s differentiated direct lending approach. By partnering with Centerbridge Partners and Wells Fargo, Overland has been able to secure a significant role in a sizable financing deal, potentially leading to increased returns for its shareholders.
Impact on the Financial Industry
Beyond the specific transaction, this deal highlights the continued growth and importance of the business development company (BDC) sector in the financial industry. With their unique ability to provide flexible financing solutions to middle-market companies, BDCs like Overland Advantage are becoming increasingly valuable partners for private equity firms and other financial institutions.
Conclusion
Overland Advantage’s role as the lead arranger for MaxiTransfers’ $74.0 million second lien credit facility is a significant achievement for the company. This transaction further demonstrates the value of Overland’s differentiated direct lending approach and the importance of its strategic relationships with Centerbridge Partners and Wells Fargo. As the financial industry continues to evolve, BDCs like Overland Advantage are poised to play an increasingly important role in providing flexible financing solutions to middle-market companies.
- Overland Advantage acts as lead arranger for MaxiTransfers’ $74.0 million second lien credit facility
- Wells Fargo continues as agent and lead lender for $90.0 million revolving credit facility
- Transaction supports MaxiTransfers’ recapitalization and provides additional liquidity
- Overland’s differentiated approach and strategic relationships enable successful financing deal
- BDCs like Overland Advantage are becoming increasingly valuable partners in the financial industry
