LBC Credit Partners Provides Senior Secured Credit Facilities to Support the Recapitalization of Integrated Oncology Network

News provided by

Oct 18, 2018, 09:30 ET

PHILADELPHIA, Oct. 18, 2018 /PRNewswire/ -- LBC Credit Partners ("LBC") a leading provider of financing solutions to middle market companies, provided senior secured credit facilities to support Silver Oak Services Partners, LLC's ("Silver Oak") recapitalization of Integrated Oncology Network ("ION").

LBC served as Joint Lead Arranger for the senior secured credit facilities.

ION is a leading provider of physician management, radiation oncology management and cancer center development to hospital and physician partners. ION is a partner in 19 centers across eight states, providing expertise in strategic solutions, development, financing and management services including radiation oncology operations, revenue cycle management, compliance, HR, IT and accounting.

Silver Oak invests in healthcare, business, and consumer services companies in the lower middle market, typically with EBITDA of $4 million to $20 million. ION is the sixth platform investment out of Silver Oak Services Partners III.

About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $3 billion* of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.

*Information as of June 30, 2018

MEDIA CONTACT:
Lisa Rubano-Volansky
Tel (724) 979-4293
Email: [email protected]

SOURCE LBC Credit Partners