Apria Healthcare Group, $260 million of Senior Secured Credit Facilities
December 16, 2020
KeyBanc Capital Markets Inc. successfully closed the syndication of a $260 million Incremental Senior Secured Term Loan for Apria Healthcare Group, a portfolio company of The Blackstone Group. Proceeds from the Term Loan were used to fund a distribution to shareholders.
KBCM acted as Joint Lead Arranger, Joint Bookrunner and Co-Syndication Agent on this transaction. KBCM was selected to lead this financing due to Cain Brothers’ and KBCM’s extensive industry knowledge, robust debt capital markets platform and long-standing relationship with Blackstone and the Company’s management team.
Headquartered in Lake Forest, CA, Apria Healthcare Group, Inc. is a leading national distributor of durable medical equipment. The Company serves patients that are most often diagnosed with diseases that cause difficulty breathing and require intervention with machines and devices to manage daily life. Through its network of over 275 branches and with its team of skilled technicians and respiratory therapists, Apria provides home respiratory, obstructive sleep apnea, wound care, and other services to over 2.2 million patients nationwide. Apria has been a portfolio company of The Blackstone Group since 2008.
Blackstone is one of the world’s leading investment firms, which seeks to create positive economic impact and long-term value for its investors. The firm’s asset management businesses, with over $584 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
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