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Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to MaxiTransfers
WFCWells Fargo(WFC) Prnewswire·2025-03-13 12:30

Company Overview - Overland Advantage is a business development company that utilizes a differentiated direct lending approach, benefiting from a strategic relationship with Centerbridge Partners and Wells Fargo [1][8] - MaxiTransfers is a money service business that specializes in the US-LATAM corridor, serving the Latin American community in the U.S. since the early 2000s [2][6] Recent Transaction - Overland Advantage served as the lead arranger for a 74.0millionsecondliencreditfacilitytosupportarecapitalizationtransactionforMaxiTransfers,whileWellsFargocontinuesastheagentfora74.0 million second lien credit facility to support a recapitalization transaction for MaxiTransfers, while Wells Fargo continues as the agent for a 90.0 million revolving credit facility [1][3] - The transaction aligns with Overland's strategy of supporting companies with demonstrable growth in attractive industries [4] Strategic Relationships - The collaboration between Overland and Wells Fargo provides MaxiTransfers with access to innovative private credit solutions and a bank credit facility [5][8] - Overland's relationship with Centerbridge Partners enhances its ability to offer unique, relationship-driven solutions to meet the capital needs of privately owned middle market businesses [8][10] Company Capabilities - MaxiTransfers operates over 4,500 agent locations, serving more than 130,000 payment points across Latin America, the Caribbean, and Asia Pacific, facilitating billions of dollars in remittances annually through its proprietary technology platform [6] - Overland Advantage focuses on providing innovative lending solutions to middle market companies in North America, enabling them to pursue strategic goals [7]