OHA

KBRA Assigns Rating to T. Rowe Price OHA Select Private Credit Fund's $300 Million Notes due 2029

Retrieved on: 
Thursday, March 7, 2024

KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.

Key Points: 
  • KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.
  • The rating and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
  • T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
  • OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).

OHA is a Joint Lead Arranger of Private Unitranche Financing for Clarience Technologies’ Acquisition of Safe Fleet

Retrieved on: 
Thursday, February 15, 2024

New York, New York, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger to support the acquisition of Safe Fleet by Genstar-backed Clarience Technologies (“Clarience”).

Key Points: 
  • New York, New York, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger to support the acquisition of Safe Fleet by Genstar-backed Clarience Technologies (“Clarience”).
  • Clarience and Safe Fleet are leading manufacturers of mission-critical safety related products serving a variety of vehicle end-markets, including buses, trucks, emergency and commercial vehicles.
  • OHA received one of the largest allocations of the multi-billion-dollar unitranche facility used to finance the acquisition and refinance existing debt.
  • OHA has deep knowledge of this industry, having first invested in Safe Fleet in 2018 in the syndicated market when Oak Hill Capital Partners acquired the company.

OHA is the Lead Left Arranger of Greenway Health’s Private Unitranche Financing

Retrieved on: 
Thursday, January 25, 2024

New York, New York, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as the Lead Left Arranger of a private unitranche financing for Greenway Health, a provider of electronic health record and practice management solutions to the U.S. ambulatory market.

Key Points: 
  • New York, New York, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as the Lead Left Arranger of a private unitranche financing for Greenway Health, a provider of electronic health record and practice management solutions to the U.S. ambulatory market.
  • OHA committed to half of the $375 million term loan used to refinance the company’s maturing syndicated first lien debt.
  • “This refinancing exemplifies the many benefits of direct lending: the flexibility, the speed, the certainty,” said Alan Schrager, Portfolio Manager and Senior Partner at OHA.
  • OHA expects this financing opportunity to continue to grow in 2024 for high-quality borrowers to address near-term maturities.

KBRA Assigns Ratings to T. Rowe Price OHA Select Private Credit Fund (OCREDIT)

Retrieved on: 
Monday, January 29, 2024

KBRA assigns issuer and senior unsecured debt ratings of BBB to T. Rowe Price OHA Select Private Credit Fund (“OCREDIT” or “the company”).

Key Points: 
  • KBRA assigns issuer and senior unsecured debt ratings of BBB to T. Rowe Price OHA Select Private Credit Fund (“OCREDIT” or “the company”).
  • The ratings and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
  • T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
  • OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).

ADVANCING FINANCIAL ADVISOR ACCESS TO OHA'S PRIVATE LENDING CAPABILITIES: T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND NOW AVAILABLE ON ICAPITAL MARKETPLACE

Retrieved on: 
Wednesday, December 20, 2023

OCREDIT delivers an OHA-managed private credit investment solution for income-oriented individual investors with the convenience of a non-traded, perpetual-life business development company ("BDC") structure.

Key Points: 
  • OCREDIT delivers an OHA-managed private credit investment solution for income-oriented individual investors with the convenience of a non-traded, perpetual-life business development company ("BDC") structure.
  • "Before the prevalence of the BDC structure, private credit had historically only been available to institutional investors," said Eric Muller, portfolio manager and partner at OHA and OCREDIT chief executive officer.
  • " iCapital is an important partner to bring OHA's private credit capabilities to a wider investor audience, and we're excited to offer streamlined access to OCREDIT through the iCapital Marketplace."
  • "We are delighted to partner with Oak Hill Advisors to offer their clients' institutional quality private credit investments1 on iCapital Marketplace."

OHA is a Lead Arranger for Private Financing for Thoma Bravo's Take-Private of NextGen Healthcare

Retrieved on: 
Thursday, December 7, 2023

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers.

Key Points: 
  • NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers.
  • In its investment diligence, OHA leveraged its industry expertise in software and healthcare, which are the firm's largest industry exposures in private credit.
  • The firm has deployed over $12 billion in private credit investments in the two industries since 2002.
  • BMO Capital Markets also participated in the financing as OHA's private credit joint venture partner.

Constitutional Concerns Arise as Psilocybin Trainer Challenges Oregon Requirements

Retrieved on: 
Wednesday, December 6, 2023

SALEM, Ore., Dec. 6, 2023 /PRNewswire-PRWeb/ -- Shasta Winn, the creator of the Myco-Method psilocybin facilitator training program, has officially filed a formal complaint against the Oregon Higher Education Coordinating Commission (HECC), bringing attention to constitutional violations and regulatory ambiguities in their decision-making process. Simultaneously, the Oregon Health Authority (OHA) is in the process of deliberating whether to amend existing regulations, making HECC licensure a requirement for OHA-approved psilocybin training programs.

Key Points: 
  • Shasta Winn, creator of the Myco-Method psilocybin training, files a formal complaint against the Oregon Higher Education Coordinating Commission (HECC).
  • Winn highlights concerns about substantive due process, equal protection, and religious rights, urging reconsideration and clarification from HECC.
  • Simultaneously, the Oregon Health Authority (OHA) is in the process of deliberating whether to amend existing regulations, making HECC licensure a requirement for OHA-approved psilocybin training programs.
  • The broader implications for constitutional and religious rights, as well as potential legal consequences, further underscore the urgency for a comprehensive review of the HECC licensure process.

OHA is a Lead Arranger for Mammoth Holdings Refinancing

Retrieved on: 
Wednesday, November 15, 2023

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the refinancing of Mammoth Holdings ("Mammoth"), a portfolio company backed by Red Dog Equity, The Pritzker Organization ("TPO"), and CCMP Growth Advisors.

Key Points: 
  • NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the refinancing of Mammoth Holdings ("Mammoth"), a portfolio company backed by Red Dog Equity, The Pritzker Organization ("TPO"), and CCMP Growth Advisors.
  • Mammoth is one of the largest car wash operating platforms in the United States and maintains a multi-brand portfolio with over one hundred locations across the country.
  • OHA provided the majority of the private financing solution totaling over $500 million in size, including a unitranche term loan, delayed draw term loan and revolving credit facility.
  • "OHA has been following Mammoth for nearly two years with best-in-class industry knowledge, making them a logical choice to support this transaction," said Dave Hoffmann, Chairman and CEO of Mammoth.

Pioneers and Innovators in Psilocybin Treatments and How Big Pharma Wants in on the Game

Retrieved on: 
Thursday, October 19, 2023

As psilocybin and other alternative health innovators try to shape the future of mental health, Pharma and traditional healthcare investors are watching and waiting to get their share.

Key Points: 
  • As psilocybin and other alternative health innovators try to shape the future of mental health, Pharma and traditional healthcare investors are watching and waiting to get their share.
  • (OTCQB: KAYS) is the only U.S. public company engaged in securing an Oregon Health Authority ("OHA") license to open a psilocybin treatment center.
  • Kaya Holdings just announced that it has closed an additional round of bridge financing targeted to complete KAYS' planned psilocybin treatment center in Portland, Oregon.
  • Reporting on the Mindset Pharma deal, Psychedelicspotlight.com said , "Big Pharma has certainly taken note of the potential therapeutic benefits of psychedelics.

Alameda County Housing Authorities Collaborate to serve 875 Households through HUD's Emergency Housing Voucher Program

Retrieved on: 
Wednesday, October 18, 2023

The Berkeley Housing Authority, Housing Authority of the City of Alameda, Oakland Housing Authority, and the Housing Authority of the County of Alameda teamed up to serve 875 Alameda County households through the Emergency Housing Voucher (EHV) program.

Key Points: 
  • The Berkeley Housing Authority, Housing Authority of the City of Alameda, Oakland Housing Authority, and the Housing Authority of the County of Alameda teamed up to serve 875 Alameda County households through the Emergency Housing Voucher (EHV) program.
  • The Housing Authority of the City of Oakland (OHA) was awarded 515 Emergency Housing Vouchers in May 2021.
  • The collaboration amongst OHA, BHA, HACA, and AHA resulted in 875 Alameda County households securing (or in the final stages of securing) permanent housing.
  • Additionally, many best practices were developed and shared amongst the Housing Authorities, which can then be replicated for future special purpose voucher awards.