HOUSTON, July 31, 2017 /PRNewswire/ -- CRG, a premier healthcare-focused investment firm, today announced the closingof a $355 million term loan securitization on behalf of CRG Partners III, L.P. and certain of its parallel investment vehicles. The transaction was completed on July 27, 2017.
Mike Weinmann, CRG Managing Director, commented, "This transaction strengthens our ability to offer attractive long-term financing solutions to our business partners and underscores CRG's access to the capital markets. Notably, the financing was completed at more favorable pricing and terms, and raised more than twice the proceeds as our inaugural financing last year. The transaction further differentiates CRG from its competitors as a proven healthcare investor and improves our cost of capital advantage to continue meeting the demand for raising growth capital."
Goldman, Sachs & Co. LLC acted as exclusive placement agent.
CRG is a premier healthcare-focused investment firm with more than $3.0 billion of assets under management across more than 45 portfolio companies. The firm seeks to commit between $20 to $300 million in each company and invests across the healthcare spectrum, including: medical devices, biopharmaceuticals, tools & diagnostics, services and information technology. CRG provides growth capital in the form of long-term debt and equity to support innovative, commercial-stage healthcare companies that address large, unmet medical needs. The firm partners with public and private companies to provide flexible financing solutions and world-class support to achieve exceptional growth objectives with minimal dilution. CRG maintains offices in Houston, Boulder, and New York. For more information, please visit www.crglp.com.
Company Contact:Mike Weinmann, Managing Director (212) 716-0011 [email protected]
Media Contact: Nick Rust (212) 279-3115 ext. [email protected]
View original content:http://www.prnewswire.com/news-releases/crgs-third-healthcare-fund-closes-355-million-term-loan-securitization-300496598.html
SOURCE CRG LP
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