New York-based lender Abacus Finance has arranged $18.5 million in senior secured credit facilities to support private equity firm Culbro’s investment in respiratory services provider Med Emporium. Abacus, which backs private equity-sponsored lower-middle market companies, acted as the administrative agent and sole lead arranger in the transaction, Abacus announced yesterday (25 February).
Abacus Finance provides senior debt in healthcare deal
The $18 million loan will support Culbro’s minority investment in respiratory services company Med Emporium.
