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OLD GREENWICH, CONN. and CHICAGO, IL. November 1, 2007 – FirstLight Financial Corporation (“FirstLight”) announced today that it served as co-lead arranger and administrative agent of a $105 million senior credit facility for Linden LLC (“Linden”), a private investment firm focused exclusively on the healthcare and life science industries, and The Edgewater Funds (“Edgewater’), a leading private equity firm.
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.
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