OHA is the Left Lead Arranger of STV’s Private Unitranche Financing
March 21 2024 - 10:00AM
Oak Hill Advisors (“OHA”) served as the Left Lead Arranger for the
private financing of STV Group, Inc. (“STV”), which is partnered
with The Pritzker Organization (“TPO”). STV is a leading provider
of engineering and consulting services focused on infrastructure
and transportation projects across North America. The financing
proceeds are being used to support a refinancing of STV’s existing
syndicated first lien capital structure, fund an acquisition and
help support STV’s continued growth. OHA is one the largest holders
of the total facility, which is over $500 million in size.
OHA’s strong relationship with TPO positioned it
to source and engage early with the borrower to structure an
optimal financing solution, having recently served as Lead Arranger
for the private unitranche refinancing of Mammoth Holdings, also
partnered with TPO. Additionally, OHA was a natural partner given
its deep experience investing in the engineering and consulting
industry.
“With its solution-oriented leadership and
ability to show up in scale, OHA is a valued strategic partner as
we progress on the development of our platform investments,” said
Larry Tarschis, Managing Director at TPO. “We look forward to
collaborating with OHA to advance the long-term growth plans for
STV, with a focus on expanding its geographic footprint, service
lines and continuing to support the significant growth in
infrastructure investment.”
This transaction was sourced through OHA’s
strategic direct lending partnership with BMO Capital Markets
(“BMO”), who served as Administrative Agent and Joint Lead
Arranger.
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About OHA: Oak Hill Advisors (OHA) is a
leading global credit-focused alternative asset manager with over
30 years of investment experience. OHA works with institutions and
individuals and seeks to deliver a consistent track record of
attractive risk-adjusted returns. The firm manages approximately
$63 billion of capital across credit strategies, including private
credit, high yield bonds, leveraged loans, stressed and distressed
debt and collateralized loan obligations as of December 31, 2023.
OHA’s emphasis on long-term partnerships with companies, sponsors
and other partners provides access to a proprietary opportunity
set, allowing for customized credit solutions across market
cycles.
With over 400 experienced professionals across
six global offices, OHA brings a collaborative approach to offering
investors a single platform to meet their diverse credit needs. OHA
is the private markets platform of T. Rowe Price Group, Inc.
(NASDAQ – GS: TROW). For more information, please visit
oakhilladvisors.com.
About STV: Founded in 1912, STV is a
leading national infrastructure-focused professional services firm,
providing engineering, architectural, planning, environmental,
program management and construction management services for
transportation systems, buildings, water, energy and other
facilities. Headquartered in New York City, the company has more
than 55 offices across North America. The firm is ranked 37th in
Engineering News-Record’s Top 500 Design Firms survey and is 11th
in its transportation category. In 2022, STV signed the Equity
in Infrastructure Project (EIP) Pledge, becoming one of the first
architecture, engineering and construction (AEC) firms to commit to
advancing equity in infrastructure. Learn more
at stvinc.com.
About TPO: The Pritzker Organization is
the merchant bank for the business interests of the Tom
Pritzker family. Additional information can be found
at pritzkerorg.com.
Natalie Harvard, Head of Investor Relations & Partner
Oak Hill Advisors, L.P.
212-326-1505
nharvard@oakhilladvisors.com
Kristin Celestino, Public Relations
Oak Hill Advisors, L.P.
817-215-2934
kcelestino@oakhilladvisors.com
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