Prescott’s completes Senior Debt Acquisition Financing
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Details |
Senior Secured Credit Facilities KeyBank Beach Point Direct Lending Program |
| Client & Transactional Partners |
Prescott's Morgan Stanley Capital Partners |
| Our Role |
Financial Advisor |
Summary
Together with the KeyBank Beach Point Direct Lending Program, KeyBanc Capital Markets and Cain Brothers, a division of KeyBanc Capital Markets, successfully closed on Senior Credit Facilities supporting Morgan Stanley Capital Partners’ acquisition of Prescott’s from Atlantic Street Capital.
The Credit Facilities consisted of a Revolving Credit Facility, a Unitranche Term Loan, and a Delayed Draw Term Loan.
Founded in 1984, Prescott’s is a leading provider of healthcare medical equipment repair & maintenance service solutions, alongside refurbished equipment & parts sales and rentals. The Company reduces repair & maintenance costs and equipment downtime by simplifying equipment management, covering mission-critical surgical suite equipment modalities including surgical microscopes, infusion pumps, patient monitors, anesthesia machines and sterilizers. Prescott’s services health systems, outpatient facilities, clinics, and other care settings across the US and UK through a differentiated workforce of repair technicians.
Morgan Stanley Capital Partners is a leading middle-market private equity platform focused on privately negotiated equity and equity-related investments in North America. MSCP seeks to create value in portfolio companies across a series of subsectors in the business and consumer, healthcare, and industrial services markets, driving significant organic and acquisitive growth through an operationally focused approach.
KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association ("KeyBank N.A.") are separate, but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives.
Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value
Banking products and services are offered by KeyBank N.A. All credit, loan, and leasing products are subject to collateral and/or credit approval terms, conditions, and availability and subject to change.










































