PLATINUM EQUITY'S CREDIT TEAM LEADS REFINANCING FOR IMPACT CLIMATE TECHNOLOGIES
- Editor
- Apr 30
- 1 min read
Whats Happening:
Platinum Equity has led a refinancing for Impact Climate Technologies (ICT), a leading supplier in the commercial HVAC industry. This new financing solution aims to refinance ICT's existing debt and support its future growth. ICT has expanded its operations since Platinum's initial loan in 2023, growing both organically and through acquisitions.
Key Moves:
Platinum Equity leads refinancing for Impact Climate Technologies
New financing to refinance existing debt and support future growth
ICT has expanded operations and geographic reach since 2023
By The Numbers:
Platinum Equity has approximately $50 billion of assets under management
Platinum's credit team targets companies with $15 to $75 million of EBITDA
Platinum Equity has completed over 450 acquisitions and debt financings in 29 years
Key Quotes:
"ICT and Ardian have been excellent partners, and the ICT platform continues to grow," said Platinum Equity Co-Presidents Jacob Kotzubei and Louis Samson.
"As an incumbent lender, we know ICT's operations, leadership team and industry well and are in a great position to provide a new financing solution to support the company's continued growth," said Michael Fabiano, Platinum Equity Managing Director and Global Head of Credit.
Bottom Line:
Platinum Equity's refinancing of Impact Climate Technologies demonstrates the fund's commitment to supporting long-term growth in its portfolio companies. By leveraging its industry knowledge and existing relationship with ICT, Platinum Equity is positioning itself as a valuable partner in the company's continued expansion and success in the commercial HVAC market.
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