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FirstLight Financial Corporation Serves as Co-Lead Arranger and Administrative Agent of $105MM in Senior Credit Facilities to Purchase Provider of Bar
OLD GREENWICH, Conn. & CHICAGO (Business Wire EON) November 1, 2007 -- The credit facilities include a $25 million revolver and an $80 million term loan. These facilities were used largely to purchase BarrierSafe Solutions International, Inc. ("BSSI"), a leading provider of branded, disposable barrier protection and infection control products.
"We selected FirstLight as agent because they were fully committed to this transaction right from the start," said Andrew Kuhn of Linden. "The team was engaged and knowledgeable - they truly understood the financing requirements of BSSI. We couldn't be more pleased with the level of client service from FirstLight."
"Our team worked closely with Linden to customize a financing solution that met their financial and operational objectives," said Ron Carapezzi, President & CEO of FirstLight. "This is a great illustration of the client-focused mindset we strive to achieve everyday here at FirstLight."
About FirstLight Financial Corporation:
FirstLight Financial Corporation is a commercial finance platform offering customized financings primarily for middle market companies across a broad spectrum of industries. Formed by a team of seasoned professionals who share a long-term, client-focused mindset, FirstLight offers a unique, personalized experience characterized by reliability, responsiveness, creativity and integrity. For more information, visit www.firstlightfinancial.com.
About Linden LLC:
Linden is a Chicago-based private equity firm focused exclusively on the healthcare and life science industries. Linden's strategy is based upon three key elements: i) healthcare and life science industry specialization, ii) integration of transaction and operating expertise, and iii) focus on building strategic relationships, particularly with global healthcare and life science companies. For additional information, please visit www.lindenllc.com.
About The Edgewater Funds:
The Edgewater Funds is a leading private equity firm based in Chicago, Illinois. Through 15 years of experience and $1 billion in capital under management, Edgewater has distinguished itself through successful partnerships with quality middle market companies. Edgewater is currently investing Edgewater Growth Capital Partners II, L.P. a $470 million equity fund. Edgewater is distinguished by the depth of experience of its Partners who have been successful private equity investors, CEOs and business leaders. For additional information, please visit www.edgewaterfunds.com.
About BarrierSafe Solutions International, Inc.:
BarrierSafe is a leading developer and marketer of branded disposable hand protection and related products. The company offers an extensive selection of high quality disposable gloves and other specialized products for a diverse range of growing niche markets, including the foodservice, dental, laboratory, emergency medical services, non-acute healthcare, automotive and general industrial segments, in which branding, quality, innovation and features are key differentiators that drive end-user demand and loyalty. For additional information, please visit www.barriersafe.com.
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