CHICAGO--(BUSINESS WIRE)--Antares announced today that it served as joint lead arranger, and will act as administrative agent, for a senior secured credit facility to support the recapitalization of MDC Interior Solutions (“MDC”) by ShoreView Industries.
Headquartered in Glendale Heights, IL, MDC is a national supplier of vertical interior surfaces. The Company’s products include vinyl, textile and specialty wallcoverings, decorative panels, acoustical solutions, digitally printed surfaces and specialty paints. MDC serves customers across a wide range of end markets including hospitality, corporate, healthcare, institutional, retail and residential.
“Antares has supported our investments since our founding in 2002,” said Brett Habstritt, partner of ShoreView Industries. “They have proven to be reliable and consistent and we appreciate the speed at which they commit and execute.”
“We are proud of the enduring relationships we hold within the sponsor community and our ability to support the growth of our borrowers over the long-term,” said Dave Swanson, managing director of Antares. “MDC has evolved into a market leader with a diverse customer base and solid management team. With ShoreView’s investment, we believe MDC is well positioned to execute successfully on its plans for continued growth.”
With more than $21 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”).