Fifth Street Finance Provides One-step Financing Facility To Cortec Group

Fifth Street Finance Closes Offering Of 13.5 Million Shares

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6/21/2012 5:03 PM ET

Fifth Street Finance Corp. (FSC: Quote) said Thursday that it has provided a one-stop financing facility of $47.5 million in support of the acquisition of Texas-based YETI Coolers LLC by private equity firm Cortec Group.

The transaction consists of a $7.5 million revolver, a $28.0 million Term Loan A and a $12.0 million Term Loan B.

The company also provided $1.5 million of co-investment equity in the transaction.

This credit facility is Fifth Street's first deal with Cortec Group.

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by RTT Staff Writer

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