Capital One provides senior credit
Capital One announced that it has provided a senior credit facility to support Formation Capital's acquisition of RHA Health Services LLC and its affiliates.
RHA Health Services helps those with mental health, substance abuse and developmental disabilities services in Georgia, North Carolina, Tennessee and Utah. The credit facility is a five-year, $68.1 million secured term loan and a five-year $30 million revolver, in addition to other treasury and cash management solutions.
“We feel that RHA is both an excellent fit and an outstanding opportunity,” says Kelly Sheehy, Managing Director at Formation Capital. “We appreciated Capital One's responsiveness and flexibility during the underwriting process, which ensured a smooth transition.”
Capital One Healthcare is a part of Capital One Commercial Banking.