Opus Bank’s Healthcare Banking division provides $20,000,000 Senior Secured Credit Facilities to a prominent behavioral health provider
Overview of Transaction
The company is a leading provider of home and community-based residential and behavioral services to adults and children with intellectual and developmental disabilities.
Opus Bank (“Opus”) was the sole provider of the senior credit facilities.
Significance of Transaction
Opus provided a $16,500,000 term loan and a $3,500,000 revolving line of credit.
The credit facilities provided by Opus will help support the company’s overall capital structure while also providing the necessary capital to support future growth plans.
Opus Bank's Role
Opus Bank’s Healthcare Banking division worked closely with management and its advisors in order to provide a financing structure that was appropriate and aligned with the company’s strategic corporate and growth plan.