-

360training Refinances Existing Credit Facilities

Refinancing provides company with additional capacity to pursue successful acquisition strategy as an acquirer of choice

AUSTIN, Texas--(BUSINESS WIRE)--360training (“the Company”), a leading provider of online training and continuing education to regulated industries, today announced that it has refinanced its existing credit facilities to help further support the Company’s rapid growth and acquisition strategy.

As part of the refinancing, Apogem Capital, Churchill Asset Management, and Crescent Capital will now serve as the Company’s three primary lenders and will work closely with 360training’s equity partners, GreyLion and Vestar Capital Partners. The refinancing features a significant expansion of 360training’s committed, undrawn “delayed draw” term loan facility to support the continued execution of its successful M&A strategy.

Tom Anderson, Chief Executive Officer of 360training, said, “The refinancing of our existing credit facilities provides us with more flexibility to scale our platform and enables us to aggressively pursue acquisitions as an acquirer of choice. We greatly appreciate the support that we have received from Apogem, Churchill, and Crescent and believe they will serve as valuable strategic resources alongside our longstanding equity partners, GreyLion and Vestar.”

360training has completed over 13 acquisitions since 2010.

About 360training

360training is an integrated digital training and compliance platform for highly regulated industries. Through a unique combination of differentiated technology and deep regulatory expertise, 360training enables professionals to attain jobs and maintain industry-mandated requirements while helping organizations develop their workforces and remain compliant. 360training’s robust, proprietary content library offers over 6,000 courses across major business verticals: Environment Health & Safety, Food & Beverage, Real Estate, Healthcare, Financial Services and more.

Since 1997, 360training.com, Inc. has delivered over 11 million training plans across multiple brands, including HIPAA Exams, Meditec, AgentCampus, VanEd, TIPS, OSHAcampus, OSHA.com, and Learn2Serve. Please visit www.360training.com or their social media accounts on Facebook, Twitter, and LinkedIn to learn more.

Contacts

Media:
Mike Geller
Prosek Partners
mgeller@prosek.com

Industry:

360training

Release Versions
English

Contacts

Media:
Mike Geller
Prosek Partners
mgeller@prosek.com

More News From 360training

Birdseye Security Solutions Receives Equity Investment from GreyLion Partners

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Birdseye Security Solutions (“Birdseye” or the “Company”), a pioneer in the tech-enabled logistics security and supervision industry, today announced a new equity investment from GreyLion Partners LP (“GreyLion”), a leading private equity firm that specializes in making investments in high-growth businesses. The equity investment from GreyLion represents Birdseye’s first institutional capital since the firm’s founding in 2011 by Founder and CEO, Mike Grabo...

Santiago Núñez Appointed Partner at GreyLion

NEW YORK--(BUSINESS WIRE)--GreyLion, a leading U.S. private equity firm focused on high-growth businesses, today announced that Santiago Núñez has been appointed a Partner at the firm. Chip Baird, Managing Partner at GreyLion, said, “We are pleased to announce the promotion of Santi to Partner, which reflects the significant impact that he has had on the growth of our firm. During the past nine years at GreyLion, Santi has been intimately involved in successfully sourcing new investment opportu...

ADC Aerospace Announces Acquisition of Cast-Rite Corporation

BUENA PARK, Calif.--(BUSINESS WIRE)--ADC Aerospace (“ADC” or the “Company”), a leading manufacturer of complex, highly-engineered turnkey die-cast parts used in critical applications in the aerospace, defense, medical, automotive and specialty industrial markets, today announced that it has acquired Cast-Rite Corporation, a leading provider of advanced die casting and fabrication solutions. Since being acquired in 2019 by GreyLion, an investment firm focused on high-growth businesses, ADC has c...
Back to Newsroom