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Direct Lending

Financing Solutions for Companies and Sponsors

Guggenheim’s Corporate Credit team provides companies with access to capital that can help sustain and grow their businesses. We have an established track record as a direct lender and are a leading investor in the bank loan and high yield bond markets. In 2016 alone, we invested $7.0 billion in bank loans and an additional $2.8 billion in high yield bonds and bridge loans.

 

With new regulation reshaping the banking landscape, smaller companies are facing a volatile lending market. Guggenheim’s $69+ billion corporate credit platform provides us with the resources and relationships with management teams, financial sponsors and capital markets professionals to actively drive deal solutions in the new banking environment.

For more information about our direct lending capabilities please contact us.

Debt financing solutions from $30 to $500 million across the yield spectrum

In 2016, Guggenheim led or anchored over 100 transactions, primarily in the middle market, investing over $4.7 billion across 1st lien, 2nd lien and unitranche structures. A sampling of recent direct and anchor transactions is listed below.

Date Company Guggenheim
Investment/Commitment
Description
FIRST LIEN
Mar-16 Auto Industry Risk Management Software Provider $210,000,000 Anchor order on 1st lien term loan to support the Sponsor’s take private
May-16 Payment Processing Solutions Provider $90,000,000 Joint lead arranger and largest lender on the Company’s 1st lien term loan to support the Sponsor’s LBO
Jun-16 Manufacturer and Distributor of Automotive Parts $50,000,000 Sole lender on add-on to a syndicated 1st lien term loan to support the Sponsor’s refinancing
Sept-16 Pavement Markings Producer $20,000,000 Sole lender on add-on to a syndicated 1st lien term loan to support the Sponsor’s strategic acquisition
Sept-16 Online Marine Marketplace Company $37,500,000 Co-lead arranger of $75 million 1st lien term loan to support the Sponsor’s LBO
SECOND LIEN
Aug-16 Enterprise Project and Portfolio Management Software Provider $30,000,000 Agent on $60 million 2nd lien term loan to support the Sponsor’s strategic acquisition
FIRST LIEN & SECOND LIEN
Jun-16 Enterprise Event Management Platform $339,750,000 Anchor order on 1st lien term loan ($140 million) and lead underwriter of 2nd lien term loan ($199.75 million) to support the Sponsor’s take private
Sept-16 Aerospace Ground Support Equipment Company $95,000,000 Anchor order on 1st lien term loan ($40 million) and agent and sole provider of 2nd lien term loan ($55 million) to support the Sponsor’s LBO
UNITRANCHE
Mar-16 Tax Compliance Software Provider $143,000,000 Club unitranche facility ($83 million) to support the Sponsor’s LBO and subsequent add-on ($60 million) to support the Sponsor’s strategic acquisition
Jun-16 Security Software Provider $85,000,000 Agent on recurring revenue unitranche facility ($75 million) to support the Sponsor’s growth equity investment and subsequent add-on ($10 million) to support the Sponsor’s strategic acquisition
Jun-16 Business Intelligence Software Provider $150,000,000 Anchor order and one of the largest lenders in a privately negotiated $1 billion unitranche financing to support the Sponsor’s take private
Jul-16 Scallop Harvesting and Processing Company $70,000,000 Agent and sole lender on unitranche financing to support the Sponsor’s refinancing of existing debt and acquisition of processing facilities
Sept-16 Commercial Mortgage Services Company $250,000,000 Agent and sole lender on unitranche financing to support the Company’s strategic acquisition
UNSECURED
Dec-16 Natural Animal Feed Additives Producer and Distributor $175,000,000 Agent on a $350 million unsecured term loan to support the Company’s strategic acquisition


Guggenheim’s Direct Lending Capabilities: Broad Expertise Across Lien Type, Industry and Deal Size

Past Investment by Lien Type1

Past Investment by Lien Type

Past Investment by Industry

Past Investment by Industry

 

Past Investment by Deal Size2

Past Investment by Deal Size

1 Based on % of invested capital through 12.31.2016

2 Based on Guggenheim investment in recent deals (last 4 years through 12.31.2016)

The information herein has been prepared by Guggenheim Partners Investment Management, LLC and its affiliate Guggenheim Partners (Europe) Limited for informational purposes only and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or fund interest.

 




Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.

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