ComplexCare Solutions Closes Refinancing with Regions Bank and Pinnacle Bank, Lowering Cost of Capital and Enabling Long-term Growth
Key Highlights
- ➤CCS refinances senior secured facilities with Regions Bank and Pinnacle Bank
- ➤Lower interest rate and debt maturity extended to 2031
- ➤Revolving facility and accordion add capital for organic growth and acquisitions
- ➤Regions becomes CCS’s primary treasury management and depository bank
- ➤Regions Financial (RF) operates as administrative agent and facility lender
Expert Statements
David Bess, Vice President, Regions Bank
“We are proud to welcome ComplexCare Solutions as a Regions client and to partner with the Vesey Street team”
David Bess, Vice President, Regions Bank
“CCS has built a high-quality, fast-growing business around a clinician-led model, a talented management team and a record of consistent performance”
David Bess, Vice President, Regions Bank
“Our relationship-based approach and healthcare banking expertise allowed us to build a facility tailored to the Company’s needs, and we look forward to supporting its continued growth for years to come, together with our partners at Pinnacle Bank.”
Chris Hasslinger, Investment Partner, Vesey Street Capital Partners
“We are pleased to complete a successful financing in the current market environment, driving significant benefits to CCS”
Chris Hasslinger, Investment Partner, Vesey Street Capital Partners
“All of this is enabled by the strength and growth of CCS. The result is a lower-cost, longer-dated capital structure and meaningful flexibility to keep investing in the business.”
Chris Hasslinger, Investment Partner, Vesey Street Capital Partners
“VSCP has existing relationships with both Regions and Pinnacle, and we are delighted to now extend those relationships to CCS.”
Rachel Knight, Chief Executive Officer, ComplexCare Solutions
“This refinancing is an important milestone for CCS and a strong validation of the business we have built with our health plan partners and our clinical network.”
Rachel Knight, Chief Executive Officer, ComplexCare Solutions
“Regions and Pinnacle understood our model from the start and moved quickly.”
Rachel Knight, Chief Executive Officer, ComplexCare Solutions
“Our approach rests on partnership, adaptability and measurable results, and with a lower cost of capital and trusted long-term banking partners, we are well positioned for ongoing investment to strengthen and expand our clinical services.”
ComplexCare Solutions Closes Refinancing with Regions Bank and Pinnacle Bank, Lowering Cost of Capital and Enabling Long-term Growth PR Newswire
New senior secured credit facilities establish long-term banking relationships and provide capacity to support future organic and acquisitive growth
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