DALLAS (May 3, 2024) – Holland & Knight advised Abound Health Group, a Charlotte-based healthcare company that provides specialty services to individuals with intellectual and/or developmental disabilities, on a $140 million financing transaction. The transaction closed on April 8.
The new credit facilities consist of a $75 million initial term loan facility, a $60 million delayed-draw term loan facility and a $5 million revolving loan facility. The new credit facilities refinanced the company's existing credit facilities and will provide capital for future expansion and ongoing working capital needs.
Holland & Knight Partner Arthur Lotz and Associates Amir Saboorian, Ana Moreno and Alex Tran led the firm's representation of Abound Health Group on finance matters. They were assisted by Partners Robert Hill on intellectual property matters, Brandon Bloom on tax matters, Ashley Phillips on environmental matters and Neely Munnerlyn on ERISA matters.