Chicago, IL – NXT Capital announced today that it closed a $202 million senior credit facility in support of Kian Capital Partners’ recapitalization of SPATCO Energy Solutions.
NXT Capital acted as the Joint Lead Arranger and Joint Bookrunner on this transaction.
“We are pleased to have completed our first deal with NXT Capital. Their seamless approach and dedication to partnership made the process smooth and efficient. We look forward to working together on future opportunities,” said Jordan Lee, Partner, Kian Capital Partners.
Kian Capital Partners is a lower-middle-market-focused private investment firm with $1 billion of capital under management and a focus on four core industry sectors: consumer, services, value-added distribution and specialty manufacturing. Kian’s team of seasoned investors has over 100 years of collective experience providing transformational capital solutions and board-level strategic and operational guidance to founder/owner operated businesses.
SPATCO Energy Solutions is a leading provider of service, maintenance, distribution and installation services to the fueling infrastructure market including a full suite of environmental compliance, assessment and remediation services.
NXT Capital provides structured financing solutions through its Direct Lending group and targets U.S.-based borrowers with EBITDA between $5 million and $50 million. Since NXT Capital’s inception in 2010, Direct Lending has closed over $29 billion in financing commitments in more than 500 platform transactions. NXT Capital is based in Chicago with offices in Atlanta, Dallas, and New York and is the direct lending focused wholly-owned subsidiary of ORIX Corporation USA. For more information visit https://www.nxtcapital.com/