Overland Advantage and Wells Fargo Lead $215M Credit Facility for FFF Enterprises
- Editor
- Feb 5
- 2 min read
What's Happening: Overland Advantage, a business development company, has arranged a $215 million credit facility for FFF Enterprises, a specialty drug distributor. The deal showcases Overland's direct lending approach and its strategic relationship with Centerbridge Partners and Wells Fargo.
The Key Moves:
Overland Advantage served as sole lead arranger and book-runner for the $215 million credit facility.
Wells Fargo continues to lead a $904 million asset-based loan for FFF Enterprises.
The financing aims to support FFF's ongoing growth and expansion plans.
By The Numbers :
$215 million: Size of the new credit facility arranged by Overland Advantage
$904 million: Size of the existing Wells Fargo-agented asset-based loan
$40 billion: Approximate assets under management for Centerbridge Partners as of December 31, 2024
Key Quotes:
"We are excited to partner with Overland, and we believe that the flexibility of the capital that was provided will enable FFF to focus on opportunities to expand our product offerings, grow our specialty distribution capabilities into new markets, and ultimately, support the overall healthcare ecosystem," - Patrick M. Schmidt, CEO of FFF Enterprises
"We are very pleased to support FFF. We have been a leading investor in healthcare businesses and providing an innovative financing solution through Overland highlights our capability and desire to support growing, founder-owned businesses." - Gavin Baiera, CEO and Trustee of Overland Advantage
"Providing long-time clients like FFF Enterprises with seamless access to private credit solutions through Overland and our leading asset-based lending platform gives them a broader set of options to pursue their goals, complementing our comprehensive suite of financial services including treasury management and investment banking." - Kurt Marsden, head of Wells Fargo Capital Finance
The Bottom Line: This deal demonstrates the growing importance of private credit solutions in supporting middle-market companies. By leveraging its relationship with Centerbridge Partners and Wells Fargo, Overland Advantage is positioning itself as a key player in providing flexible financing options to founder-owned businesses in the healthcare sector.
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