Antares has provided $330 million in credit facilities to back PRISM Vision Group’s acquisition of The Retina Group of Washington, a provider of retinal and macular care in Washington, D.C., Virginia and Maryland. No financial terms were disclosed. PRISM Vision Group is backed by Quad-C Management.
CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as joint lead arranger and is acting as administrative agent on $330 million in senior secured credit facilities to support the acquisition of The Retina Group of Washington by PRISM Vision Group, a Quad-C Management portfolio company.
PRISM Vision Group is one of the largest, independent ophthalmology and retina administrative services organization in the Mid-Atlantic region. The Retina Group of Washington (RGW), is a leading provider of retinal and macular care in Washington, D.C., Virginia and Maryland.
“Antares delivered by expanding the bank group and increasing their commitment in support of this transformative acquisition for PRISM Vision Group,” said Frank Winslow, partner with Quad-C. “Their knowledge of the sector allowed them to quickly recognize the value that this acquisition would contribute and to close in a timely manner.”
“We’ve been pleased to support Quad-C and PRISM as they’ve successfully executed their acquisition strategy,” said Doug Koch, managing director with Antares. “We look forward to the continued growth and expertise that RGW’s talented management team and physician partners will contribute to the PRISM brand.”
With approximately $27 billion of capital under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).