CHICAGO--(BUSINESS WIRE)--Antares announced today it is serving as administrative agent and sole bookrunner on a $145 million senior secured credit facility to support the acquisition of Horizon Telcom (“Horizon”) by Novacap.
Founded in 1895 and headquartered in Chillicothe, OH, Horizon is a premier provider of fiber-optic bandwidth infrastructure services operating primarily in Ohio.
“Antares’ TMT sector expertise was valuable during this transaction,” said Ted Mocarski, senior partner with Novacap. “We also appreciated the speed and flexibility with which they delivered the financing.”
“Horizon is a leader within their market and is recognized for their exemplary customer service,” said Paul Vannelli, vice president with Antares. “We look forward to participating in the next phase of the company's growth as Novacap invests capital to help them expand their presence in Ohio and beyond.”
Founded in 1981, Novacap is a leading Canadian private equity firm with $2.3 billion of assets under management. Novacap's unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit www.novacap.ca.
About Horizon Telcom
With corporate offices in Chillicothe, Ohio, and a regional office in Columbus, Ohio, Horizon Telcom is a leading provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security and monitoring services. Horizon's entrepreneurial heritage and long-standing commitment to remarkable customer care ensures a partnering relationship with its customers using cutting-edge broadband technology and proven telecommunication systems. For more information about Horizon, visit www.horizontel.com.
With more than $20 billion of capital under management and administration, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).