New Transaction: Z2 Arranges $55.0MM First Lien Credit Facility

Z2 Capital Partners is pleased to announce that it arranged a $55.0 million first lien credit facility on behalf of its portfolio company, Coastline Wealth Management. The facility consists of a $5.0 million revolving credit line, a $26.1 million funded term loan, and a $23.9 million delayed draw term loan. Proceeds from the financing were used to support several recent acquisitions. The delayed draw term loan, together with a $50.0 million accordion feature, will provide capital for future acquisitions as Coastline continues to execute its growth strategy.

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Contact

Jake Sussman

Partner‍

jake@z2mgmt.com