CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead arranger and is acting as administrative agent for a senior secured credit facility to support ONCAP’s acquisition of Enertech Holdings (“Enertech”).
Headquartered in New Braunfels, TX, Enertech is a leading provider of wireless infrastructure services to telecommunications carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S.
“We continue to enjoy a solid track record of working with Antares to support our investments,” said Edmund Kim, managing director with ONCAP. “Their telecommunications knowledge and ability to commit to a large hold once again made them the right choice for this transaction.”
“With a reputation for quality service and strong renewal rates, Enertech is a significant player in their space,” said Dave Swanson, managing director with Antares. “We look forward to witnessing this next phase for Enertech as their experienced management team works with ONCAP to fuel their growth objectives.”
About Antares
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 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 over 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, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).
Contacts
Antares Capital
Carol Ann Wharton
475-266-8053
[email protected]
