Webster Healthcare provides $75M financing commitment and serves as Joint Lead Arranger in Flagship Healthcare Properties $500M senior secured credit facility

The Sponsor wanted to optimize capital structure, expand its existing credit facility and extend the debt maturity to provide flexibility to pursue strategic growth through acquisitions and development in the medical outpatient sector.

Webster Healthcare helped facilitate the transaction by committing $75MM of a $235MM upsizing of the existing credit facility and served as Joint Lead Arranger.  The transaction streamlined the sponsors capital structure, extended their debt maturity profile, and provided flexibility to pursue and strategic growth. The transaction was used to refinance existing debt, fund future acquisitions and general corporate purposes and working capital and pay transaction fees and expenses.

“Webster Healthcare served as Joint Lead Arranger and played an important role in expanding our credit facilities.   Webster’s relationship approach and knowledge of the medical outpatient market allowed us to achieve our growth and financing objectives and we look forward to partnering with them on future opportunities.” – Partner & Chief Investment Officer Kyle Sweeney