Deploying Private Credit for Mid-Market Expansion
BroadNorth structured a $120 million senior secured credit facility for a leading logistics conglomerate seeking to acquire regional competitors during a market downturn. We bypassed traditional banking constraints by offering flexible covenants and rapid execution. By leveraging our proprietary risk models, we priced the debt to reflect true asset value rather than market panic, allowing the client to complete three accretive acquisitions within six weeks and solidify their market dominance.
Challenge
The borrower faced a liquidity gap as traditional lenders tightened credit standards and withdrew term sheets due to macroeconomic volatility. The acquisition window was closing rapidly, and delay would have allowed competitors to capture key assets. Standard bank financing timelines of 90+ days were incompatible with the seller’s exigent timeline, threatening the entire growth strategy.
Solution
BroadNorth deployed a dedicated private credit fund to underwrite the transaction in just 14 days. We conducted expedited due diligence on cash flow stability and collateral quality, structuring a first-lien loan with amortization tied to EBITDA milestones. Our legal team drafted a streamlined credit agreement that balanced borrower flexibility with lender protection. This agile capital deployment enabled the client to close all three acquisitions simultaneously, achieving immediate cost synergies and a 25% increase in market share.

