Overland Advantage Provides Update on Innovative Direct Lending Solutions
- Editor
- Jan 30
- 2 min read
What's Happening: Overland Advantage, a business development company with a strategic relationship between Centerbridge Partners and Wells Fargo, has shared an update on its innovative lending solutions for middle market companies in North America after one year of operations.
The Key Moves:
Overland and Wells Fargo have acted as lead arrangers across six unique transactions, arranging capital with an aggregate value of $2.8 billion.
The fund has provided capital to companies in diverse industries, including business services, consumer, financial services, and healthcare.
Overland offers private credit solutions along with flexible, cost-effective capital and supportive banking products from Wells Fargo.
By The Numbers :
Overland Advantage launched in January 2024.
The fund has arranged capital with an aggregate value of $2.8 billion across six transactions.
Overland led a $215.0 million credit facility for FFF Enterprises, Inc. and a $74.0 million second lien credit facility for MaxiTransfers.
Key Quotes:
"Overland harnesses the complementary strengths of Centerbridge and Wells Fargo to offer innovative, one-stop lending solutions and a differentiated client experience for borrowers," said Gavin Baiera, CEO and Trustee of Overland Advantage.
"Over the past year, we have engaged with hundreds of clients about how the private credit solutions offered by Overland can support their strategic objectives," said David Marks, Executive Vice President at Wells Fargo Commercial Banking.
"We are proud to provide capital to a range of high-quality companies – many of whom are first time users of private credit solutions – to maximize their capital structures and advance their value creation plans," added Gavin Baiera.
The Bottom Line: Overland Advantage has demonstrated strong performance in its first year, providing innovative lending solutions to middle market companies across various industries. The fund's strategic relationship with Centerbridge Partners and Wells Fargo has enabled it to offer unique, relationship-driven solutions to meet the capital needs of privately owned businesses.
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