LMM Lenders / Private Credit firms
Hey all -- does anyone have any LMM lenders / private credit firms that they like working with that have been great partners for you? We have a ~$9M EBITDA B2B services business that has outgrown our current lender (a regional bank who is fairly unsophisticated and very risk averse / has no appetite to fully debt-finance future M&A even though our platform leverage is <2.0x) and are looking for a new lender who will refi our business at ~2x (at close) and also provide a pretty sizeable DDTL to fund future M&A. Any names come to mind?
Based on the most helpful WSO content, here are some insights and suggestions for LMM lenders and private credit firms that might be suitable for your needs:
Lower-MM Direct Lending Firms:
BDC's and SBIC Funds:
Alternative Lenders:
Mezzanine/Private Credit Funds:
For your specific needs, you might consider reaching out to firms that have a strong track record in refinancing and providing DDTLs (Delayed Draw Term Loans) for future M&A activities. Engaging with industry professionals and leveraging connections with portfolio company CEOs, LPs, and lenders can also provide valuable insights and recommendations.
If you need more detailed information or specific firm names, you might want to explore further discussions on WSO or consult with industry experts who have direct experience with these lenders.
Sources: Alternative Lenders & the End of Risk Taking for Banks - Opportunity or Risk?, Q&A: Non-Bank Commercial Lending, Private Credit / DL Megathread, Leveraged Commercial Banking -> Mezzanine/Private credit fund?, Restructuring --> Direct Lending / Private Credit
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