Viant Medical, $100 million Account Receivables Secured Revolving Credit Facility
January 20, 2021
KeyBanc Capital Markets successfully closed a five-year $100 million revolving accounts receivable senior secured credit facility for Viant Medical, a portfolio company of JLL Partners. The Asset-Backed Securitization (“ABS”) Group structured and placed the transaction with a large institutional fixed income ABS investor.
KBCM was selected to lead this financing due to KBCM and Cain Brothers’ extensive industry knowledge, robust debt capital markets platform, the ABS Group’s capabilities and securitization expertise, and long-standing relationship with JLL Partners. KBCM’s ABS Group managed the rating agency process resulting in the required private credit rating of A- for the transaction.
Viant Medical, LLC is a leading outsourced medical device manufacturer headquartered in Foxborough, MA. Viant offers medical device manufacturing solutions spanning the manufacturing continuum, including device design and development, technical molding, advanced processing, implantables and clean room finished device assembly and packaging.
JLL Partners is a middle market private equity firm with over three decades of experience transforming businesses in the healthcare, specialty industrials, and business services sectors. Since its founding in 1988, JLL Partners has committed over $5 billion of equity capital across eight private equity funds, with over 50 platform investments and more than 190 add-on acquisitions
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