[UPDATE: December 5, 2023]
A sponsor-backed healthcare services organization poised to grow its platform.
With the backing of its sponsor, the Company planned to expand into new geographic markets, but needed additional capital to finance its growth strategy.
Atalaya provided a $35 million equipment finance facility, which is expected to allow the Company to efficiently finance a de novo office expansion plans. Use of the proceeds is being provided to finance 100% of invoice cost for office buildouts and equipment, including: diagnostic machines, equipment, furniture, signage, and fixtures.
The facility allows for multiple draws as equipment is delivered and upon delivery will convert to a 48-month fully amortizing term loan.