US Fertility completes Senior Debt Refinancing

On May 28, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Forgent Power Solutions, Inc.’s (Forgent) $2.3 billion Follow-On Offering of 48,622,000 shares, including overallotment.

Forgent is a provider of engineered protection and control equipment used in data centers, the power grid, and energy-intensive industrial facilities. Major product categories of electrical distribution equipment that Forgent sells include electrical houses, substation enclosures, generator connection cabinets, power skids, automatic transfer switches, dry type transformers, remote power panels, switchboards, and switchgear.

On May 6, 2026, KeyBanc Capital Markets (KBCM) successfully closed the syndication of an undisclosed amount in Senior Secured Credit Facilities (the Credit Facilities) to support Siris Capital Group’s (Siris) acquisition of Takkion Group LLC (TAKKION or the Company). Proceeds from the Credit Facilities were used to finance the acquisition of Siris and pay transaction-related fees and expenses.

TAKKION is a leading independent service provider delivering integrated solutions for renewable energy projects across North America. The company supports the full asset lifecycle—from logistics and transportation to construction, operations, maintenance, remanufacturing, and electrical services. With a nationwide network of skilled professionals and specialized equipment, TAKKION brings the scale and technical expertise to execute complex projects safely, efficiently, and to the highest quality standards. Guided by its core values of Safety, Integrity, and Transparency, TAKKION helps customers maximize performance and long-term asset value.

Siris is a leading private equity firm focused on control investments in North American middle-market services companies that support critical technology infrastructure underpinned by secular tailwinds, such as artificial intelligence, cybersecurity and digital transformation. Based in West Palm Beach, Florida, the firm has invested approximately $9 billion since its inception as of December 31, 2025.

KeyBank Community Development Lending & Investment provided capital for the new construction of The Queen Senior apartments, a 49-unit senior affordable housing project in Philadelphia, Pennsylvania. 49 units will serve senior citizens earning no more than 20%-50% the AMI (Area Median Income). Supportive services will be offered to residents and will include health and wellness programs, lifeline services, social services, and counseling. We want to thank The Queen Senior LLC for their sponsorship and shared mission to build much-needed affordable housing in Pennsylvania.

The financing includes a construction loan arranged by Seaver Rickert.

KeyBank Community Development Lending & Investment provided capital for the new construction of The Medow on Seneca, a 70-unit affordable housing project in Ithaca, New York. 70 units will serve families and individuals earning no more than 30%-80% the AMI (Area Median Income). The project includes 35 supportive housing units consisting of 25 units supported by the Empire State Supportive Housing Initiative (ESSHI) and 10 units supported through the New York State Office of Mental Health Supportive Housing Single Room Occupancy (OMH SP-SRO) program. Supportive services will be provided by Rehabilitation Support Services, Inc. (RSS) and will include case management, crisis response, living skill support, behavioral-health coordination employment readiness, and safety planning for domestic violence survivors. We want to thank Rehabilitation Support Services for their sponsorship and shared mission to build much-needed affordable housing in New York.

The financing includes a $14.8 million construction loan arranged by Seaver Rickert.

On April 21, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Yesway, Inc.’s (Yesway or the Company) $322 million Initial Public Offering of 16,100,000 shares, including overallotment.

Established in 2015 and headquartered in Fort Worth, Texas, Yesway is an award-winning convenience store operator with 449 stores across nine states in the Midwest and Southwest. The Company is renowned for its iconic food service offerings, diverse grocery selections, and private-label products, including the famous Allsup's deep-fried burrito. Through strategic acquisitions, the 91 new stores it has developed and opened in the past several years, and its steadfast commitment to customer satisfaction and community engagement, Yesway continues to cement its position as one of the leading convenience retailers in the U.S.

The transaction includes a $54 million ($181,324/unit) non-recourse, first mortgage loan secured by a 298-unit, garden-style apartment known as Lakeview at Westpark, located in Richmond, Texas. Lakeview at Westpark consists of six three-split-story buildings and a one-story community building (5,820 square feet) for a total of seven (7) buildings. The property was built in 2021 and is situated on 11.02 acres of land. The proposed loan will be used to refinance the existing debt of the property. The loan is structured with a 35-year term and amortizes on a 35-year schedule.

On April 14, 2026, KeyBanc Capital Markets and Key Government Finance successfully closed $80 million of Senior Secured Credit Facilities for Redding Rancheria. The proceeds, in conjunction with equity contributions, will support the construction and development of the new Redding Rancheria Health Village.

This transaction represents Key’s second financing for Redding Rancheria and the second financing for the Native American Financial Services team secured solely by healthcare revenues. Key was selected to serve as Sole Lender and Structuring Agent due to its extensive experience financing Native American construction projects and deep-rooted relationship with Redding Rancheria.

Redding Rancheria
Redding Rancheria is a federally recognized Tribe with Pit River, Wintu and Yana people and an established leader in the constructive development of its people, the larger Indian community and the Redding Region. Redding prides itself on tribal culture, history and identity by investing in its youth and adults to create a future with the strength of the ancestral lineage. Redding’s government and reservation is in the southwest area of Redding, California, where it operates various governmental services and provides healthcare to over 12,000 Native and non-Native citizens.

Redding Rancheria Health Village
In 1991, Redding operated a small facility to provide medical, behavioral and dental health services to Native Americans, which expanded into the 12,000-square-foot Churn Creek Road Facility. In 2012, Redding acquired their 33,000-square-foot Liberty Street Facility and expanded the operation of each program, and in 2022, constructed the 18,000-square-foot Trinity Health Center. In 2024, Redding opened its Center for Advanced Care, broadening access to specialty-driven services for its expanding patient base.

The Redding Rancheria Health System has evolved and expanded over the course of three decades to service both Native and non-Native populations, with a focus on the large and underserved Medicare and Medi-Cal population. The new visionary Health Village, opening in early 2027, will span 185,000 square feet and provide comprehensive, culturally centered health care, with a focus on holistic wellness. Eleven primary care providers and seven medical specialists will serve over 22,000 patients and enhance health and wellness care for the region.

On April 13, 2026, KeyBanc Capital Markets served as Joint Bookrunner on a $600 million Senior Notes offering for Caturus Energy, LLC. Proceeds will be used to partially fund the acquisition of Galvan Ranch assets from SM Energy Company and for general corporate purposes.

KeyBank successfully closed a $25 million Term Loan and $5 million Revolving Line of Credit for Moosilauke Visions, Inc. and its subsidiaries. Proceeds from the facilities were used for the acquisition of five behavioral health programs across the Western and Southeastern U.S. and to support ongoing working capital needs of the borrowing group. Key acted as Sole Lender on the transaction. Full primacy, including operating deposits and core payments, was also provided. 

Moosilauke Visions, Inc. (MVI) is a Maine‑based 501(c)(3) nonprofit that serves as a strategic parent and shared‑services platform for a portfolio of mission‑driven organizations across human services, behavioral health, education, wellness, and related community‑based sectors, providing centralized financial, operational, and governance support while enabling independent operations and sustainable growth.

Cain Brothers, a division of KeyBanc Capital Markets, acted as Exclusive Financial Advisor to Blue Cross and Blue Shield of Kansas City on its affiliation with Highmark, Inc.

Blue KC engaged Cain Brothers to identify a partner to help achieve efficiencies, add new capabilities and drive more affordable health care. Blue KC will maintain its local leadership, brand and commitment to accessible, affordable health care, while gaining access to Highmark’s scale, diversified businesses and leading technology capabilities. Cain Brothers is the leading advisor to Blue Cross and Blue Shield plans and this represents another significant affiliation within the sector.

Serving members since 1938, Blue Cross and Blue Shield of Kansas City is the largest not-for-profit health insurer in Missouri and the only not-for-profit commercial health insurer in Kansas City. Blue KC provides coverage to more than one million residents in the greater Kansas City area, with a mission to provide affordable access to healthcare and to improve the health of its members.

An independent licensee, Highmark, together with its affiliates, is the fifth-largest Blue Cross Blue Shield-affiliated organization in the country, with more than seven million members in Pennsylvania, Delaware, West Virginia and western and northeastern New York. Its diversified businesses serve group customer and individual needs across the U.S.

KeyBank Community Development Lending & Investment provided capital for the rehabilitation of Wallkill Living Center, a 136-unit senior affordable housing project in Middletown, New York. 136 units will serve senior citizens earning no more than 50%-80% the Area Median Income (AMI). Supportive services will be offered to residents and will include transportation coordination, grocery/pharmacy delivery, on-site hairdressing and dry cleaning, visiting physicians, and recreational classes and activities. We want to thank Lincoln Avenue Capital for their sponsorship and shared mission to build much-needed affordable housing in New York.

The financing includes an equity bridge loan arranged by Kelly Frank and LIHTC equity arranged by Kortney Brown.

KeyBank Community Development Lending & Investment provided capital for the new construction of Palm Villas at Red Bluff, a 61-unit affordable housing project in Red Bluff, California. 61 units will serve families and individuals earning no more than 30%-60% the Area Median Income (AMI). 10 units will be set aside for permanent supportive housing (PSH) for those with a serious mental illness that are homeless or at risk of homelessness. Supportive services for these residents will be provided by Tehama County Health Services Agency and will include access to different centers providing behavioral services, medical clinics, public health services, and substance use recovery. We want to thank Palm Communities LLC for their sponsorship and shared mission to build much-needed affordable housing in California.

The financing includes a $29 million construction loan arranged by Andrea de la Fuente and a $3.7 million permanent loan arranged by Hector Zuniga.

On March 30, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Forgent Power Solutions, Inc.’s (Forgent) $1 billion Follow-On Offering of 34,500,000 shares, including overallotment.

Forgent is a provider of engineered protection and control equipment used in data centers, the power grid, and energy-intensive industrial facilities. Major product categories of electrical distribution equipment that Forgent sells include electrical houses, substation enclosures, generator connection cabinets, power skids, automatic transfer switches, dry type transformers, remote power panels, switchboards, and switchgear.

The transaction includes a $7.1 million ($69/square foot) non-recourse, first mortgage loan secured by a 126,000-square-foot(102,591-square-foot NRA), 704-unit self-storage facility known as ModBox Storage - Piedmont, located in Piedmont, South Carolina. Piedmont is part of the greater Greenville metro area, located 17 miles west of the Greenville CBD. The loan is structured with a five-year term, and subsequent to a five-year interest-only period.

On March 26, 2026, KeyBanc Capital Markets (KBCM) successfully advised Terminus Capital Partners (TCP), a growth-oriented private equity firm focused on B2B software companies, on its majority investment in Andesa Services (Andesa), a leading provider of software solutions supporting policy lifecycle administration of insurance and annuity products in the Advanced Markets space. KBCM was retained as the Exclusive Buy-Side Advisor due to its strong M&A capabilities, as well as its close relationship with TCP, and deep domain expertise in Insurance Technology.

Andesa Services is a leading provider of policy and plan administration solutions in the Advanced Markets space, including policy transaction management and NQDC recordkeeping. These solutions simplify the ongoing administration of complex life insurance and annuity products in BOLI, COLI, ICOLI, and Private Placement. By utilizing market and product expertise, configurable capabilities for complex products, and security and reliability at scale, Andesa improves speed to market and empowers carriers and brokers to serve high-value markets confidently. 

Terminus Capital Partners is a private equity firm focused on business software companies, founded in 2017 and based in Atlanta. Differentiated by its industry expertise, sourcing engine, operations approach, and buy-and-build methodology, TCP strives to be the premier partner for capital providers, bankers, and management teams in the enterprise software sector.

Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to DME Express, a portfolio company of WayPoint Capital Partners, in its sale to Palladium Equity Partners.

Cain Brothers was engaged based on its extensive experience and expertise in the hospice and durable medical equipment sectors as well as broader post-acute services. The transaction continues Cain Brothers’ strong track record of representing private equity-backed companies and continued momentum in healthcare services M&A.

DME Express provides durable medical equipment to hospice providers across the U.S. With over 150 years of experience, the founders and management team understand the unique needs of hospices and nursing facilities and DME Express is a leading provider in each of its markets. The company is committed to consistent availability to patients and providers with high-quality medical equipment, proprietary technology and strong customer service.

WayPoint Capital Partners, founded in 2004, is a growth-oriented lower middle market private equity firm making control investments in exceptional founder and family-led companies across healthcare services and industrials. WayPoint brings strategic guidance, operational support, and long-term patient capital to help its businesses scale and thrive.

With over $3 billion in assets under management, Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital and strategic guidance. Since its founding in 1997, Palladium has invested in more than 240 companies. Palladium’s partners have experience in consumer, services, industrials, and healthcare sectors, with a focus on companies that will benefit from the growth in the U.S. Hispanic population.

On March 20, 2026, KeyBanc Capital Markets Inc. (KBCM) successfully closed on $146 million of Senior Secured Credit Facilities supporting TigerGenCo’s utility-scale energy storage project, Bayonne Energy Center III. The Facilities include a $48.5 million construction-to-term loan, a $82.7 million tax credit bridge loan, and $14.8 million in letters of credit. Proceeds will be used to fund the project’s construction. KBCM acted as Coordinating Lead Arranger and Administrative Agent.

Bayonne Energy Center III is a 50 MWAC/200 MWh battery energy storage project located in Hudson County, New Jersey. The Project has an executed power purchase agreement with ConEd to sell 100% of power and ancillary service credits. It will utilize Tesla MegaPack equipment and complement the existing natural gas plant co-located at the site. Operations are expected to begin in Q3 2027. 

This marks the third transaction between Morgan Stanley Infrastructure Partners and KBCM.

About TigerGenCo
TigerGenCo is an independent power producer that develops, owns, and operates natural gas and battery energy storage systems as a portfolio company of Morgan Stanley Infrastructure Partners (MSIP). MSIP's investment in TigerGenCo spans across Bayonne Energy Center project phases, which are key components of the energy infrastructure in New Jersey and New York City.

The current Bayonne Energy Center III is a 644 MW dual-fuel generating facility situated in Bayonne, New Jersey that is a best-in-class provider of capacity, energy and ancillary services, including critical grid reliability to NYISO, supporting renewable growth through its 10-minute start-up time. TigerGenCo is constructing one of the first utility-scale battery storage projects to serve NYISO Zone J (New York City).

On March 20, 2026, KeyBanc Capital Markets (KBCM) successfully advised ADB Companies, LLC (ADB or the Company), a portfolio company of Warren Equity Partners (WEP or the Sponsor), on an undisclosed amount in Senior Secured Credit Facilities (the Credit Facilities). Proceeds will be used to repay existing indebtedness, support ongoing working capital, and pay transaction-related fees & expenses. KBCM was chosen to serve as Exclusive Debt Advisor due to our strong relationship with the Sponsor and Company, leading leveraged finance capabilities, and industry expertise.

ADB is a leading turnkey provider of underground and aerial infrastructure services for the digital infrastructure, data center, and power sectors. The Company specializes in designing, installing, and maintaining fiber-optic networks, wireless cell towers, electrical power lines, and data hardware, delivering comprehensive solutions across wireline, wireless, technology, and engineering segments. ADB operates 35 locations across 17 states, offering a nationwide presence for its suite of capabilities.

Warren Equity Partners is a private equity firm investing in companies that provide mission-critical products and services into infrastructure end markets. Target sectors include power & utilities, waste, water & wastewater, digital infrastructure, transportation, buildings & facilities, and environmental, health & safety. WEP drives business improvement and value creation initiatives with a dedicated operations team whose domain knowledge and deep experience help management teams transform their businesses into leading enterprises.

On March 20, 2026, KeyBanc Capital Markets (KBCM) successfully advised LTi Technology Solutions, Inc. (LTi or the Company), a leading provider of equipment finance leasing and lending lifecycle management technology, on its sale to Diversis Capital, L.P. (Diversis). KBCM was retained as the Exclusive Sell-Side Advisor due to its long-standing and trusted relationship with the Company’s founders and management team, deep sector expertise in lending technology, and access across the vast investor ecosystem.

Founded in 1989, LTi is a provider of lease and loan finance software for the equipment finance industry. LTi’s ASPIRE platform is a comprehensive, highly configurable lifecycle management system used by banks, captives, and independents across North America and the U.K. With more than $180 billion in assets under management on its platform and a client base that includes 40% of the Monitor 100, the Company is one of the most trusted and widely adopted technology platforms in equipment finance. LTi is headquartered in Omaha, Nebraska.

Diversis is a software- and technology-focused private equity fund that invests in lower middle-market companies, targeting situations where it can add unique value in helping a company reach the next level. With a collaborative approach to investing, its Operating Partners work alongside management teams to help build successful organizations positioned for long-term growth. Founded in 2013, with offices in Los Angeles, California, the firm is investing its third fund.

On March 17, 2026, KeyBanc Capital Markets served as Joint Bookrunner on a $550 million Senior Notes offering for Infinity Natural Resources, Inc. Proceeds will be used to repay existing indebtedness associated with the acquisition of Utica Shale assets from Antero Resources Corporation and for general corporate purposes.

Cain Brothers, a division of KeyBanc Capital Markets, served as advisor to SuperCare Health in its sale to Excellere Partners and KeyBanc Capital Markets served as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent for debt financing associated with the transaction. 

Cain Brothers was engaged based on our long-standing relationship with the Company as well as knowledge of the durable medical and home medical equipment market and connectivity with buyers who would value SuperCare’s capitated and fee-for-service business model. Concurrently, KBCM syndicated Senior Secured Credit Facilities, proceeds of which were used to fund the acquisition, support capital expenditures and for general corporate purposes. 

Founded in 1974 and headquartered in City of Industry, California, SuperCare is a provider of comprehensive complex respiratory care management solutions for adults and children. Its product portfolio consists of ventilators, airway oscillation, CPAP, BiPAP, oxygen concentrators, respiratory medication and home medical equipment. The Company’s business segments are Complex Respiratory Care, Pediatric Respirator Care, and Value-Based Care. SuperCare operates 27 branches across five states and serves 150,000+ patients annually. 

Founded in 2006 and based in Denver, Colorado, Excellere is a private equity investment firm focused on investing in the Healthcare, Business Services, and Industrials industries. The Sponsor has ~$2.2 billion of assets under management and has raised four funds to date, with its latest fund (Excellere Capital Fund IV) raising $875 million of committed capital.

Cain Brothers, a division of KeyBanc Capital Markets, served as advisor to SuperCare Health in its sale to Excellere Partners and KeyBanc Capital Markets served as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent for debt financing associated with the transaction. 

Cain Brothers was engaged based on our long-standing relationship with the Company as well as knowledge of the durable medical and home medical equipment market and connectivity with buyers who would value SuperCare’s capitated and fee-for-service business model. Concurrently, KBCM syndicated Senior Secured Credit Facilities, proceeds of which were used to fund the acquisition, support capital expenditures and for general corporate purposes. 

Founded in 1974 and headquartered in City of Industry, California, SuperCare is a provider of comprehensive complex respiratory care management solutions for adults and children. Its product portfolio consists of ventilators, airway oscillation, CPAP, BiPAP, oxygen concentrators, respiratory medication and home medical equipment. The Company’s business segments are Complex Respiratory Care, Pediatric Respirator Care, and Value-Based Care. SuperCare operates 27 branches across five states and serves 150,000+ patients annually. 

Founded in 2006 and based in Denver, Colorado, Excellere is a private equity investment firm focused on investing in the Healthcare, Business Services, and Industrials industries. The Sponsor has ~$2.2 billion of assets under management and has raised four funds to date, with its latest fund (Excellere Capital Fund IV) raising $875 million of committed capital.

On March 11, 2026, KeyBanc Capital Markets served as Joint Bookrunner on a $350 million Add-On Senior Notes offering for California Resources Corporation. Proceeds will be used to refinance existing indebtedness.

On March 11, 2026, Sonida Senior Living, Inc. (Sonida), one of the largest, pure-play owner-operators and investors in U.S. senior living communities, announced the completion of its merger with CNL Healthcare Properties, Inc. (CHP), a real estate investment trust that owns a national portfolio of high-quality senior housing properties. Sonida acquired 100% of CHP in a cash and stock transaction valued at approximately $1.8 billion. The common stock of the combined company will trade under Sonida's existing ticker symbol “SNDA” on the NYSE. KeyBanc Capital Markets served as Exclusive Sell-Side Advisor to CHP. 

CNL Healthcare Properties is a real estate investment trust focused on institutional-quality senior housing holdings, including stabilized, value-add and ground-up development assets. 

Sonida Senior Living is one of the largest, pure-play owner-operators and investors in U.S. senior living communities, with a focus on independent living, assisted living and memory care communities and services for senior adults. Sonida provides compassionate, resident-centric services and care as well as engaging programming at its senior housing communities.

In March 2026, KeyBanc Capital Markets acted as Active Joint Bookrunner on $1.2 billion of First Mortgage Bonds due 2036 and 2056 for Northern States Power Company Minnesota (“NSPM” or the “Company”). 

NSPM is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Minnesota, North Dakota, and South Dakota. As of December 31, 2025, the Company provided electric service to approximately 1.6 million customers and natural gas service to 0.6 million customers.

NSPM priced $1.2 billion of First Mortgage Bonds in two tranches:

• $600 million of First Mortgage Bonds due 2036 at a spread of T+75 bps for a coupon of 4.85%
• $600 million of First Mortgage Bonds due 2056 at a spread of T+85 bps for a coupon of 5.55%

The deal was very well received by the market, pricing with a negative new issue concession on both tranches and a 6.2x orderbook oversubscription overall.

The Company intends to use the net proceeds to repay short-term borrowings and for general corporate purposes.

NSPM is an existing client of Key.

On March 4, 2026, KeyBanc Capital Markets served as Joint Bookrunner on a $1 billion Senior Notes offering for SM Energy Company. Proceeds will be used to refinance existing indebtedness associated with its merger with Civitas and for general corporate purposes.

On March 4, 2026, KeyBanc Capital Markets (KBCM) advised Pacific Avenue Capital Partners, LLC (Pacific Avenue) on its acquisition of Stuart Rush (the Company), formerly known as the Power Chain Hoist & Chain Manufacturing business of Columbus McKinnon Corporation. KBCM was selected to serve as Exclusive Buy-Side Advisor based on its industry-leading Diversified Industrials & Manufacturing investment banking practice, long-standing relationship with Pacific Avenue and deep sector expertise.

Pacific Avenue Capital Partners is a global private equity firm, headquartered in Los Angeles with an office in Paris, France. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than $3.7 billion of Assets Under Management (AUM) as of December 31, 2025. The members of the Pacific Avenue team have closed over 120 transactions, including over 50 corporate divestitures, across a multitude of industries throughout their combined careers. For more information, please visit www.pacificavenuecapital.com.

Stuart Rush is a leading designer and manufacturer of electric, air, battery-powered, and manual chain hoists, trolleys and related aftermarket parts and components. The Company encompasses a portfolio of highly regarded brands including Lodestar^® and Lodestar ET^™, Budgit^®, Chester^®, Coffing^®, Cyclone^®, CM Puller^®, Powerstar^®, Prostar^®, Valustar^®, Shopstar^®, ShopAir^™ and the innovative BatteryStar^®, with strong positions across industrial, construction, defense and entertainment end markets. The Company operates a primary manufacturing and engineering facility in Damascus, Virginia, a vertically integrated chain manufacturing facility in Lexington, Tennessee, a leased training and production facility in Rock Lititz, Tennessee and will be opening a new facility near Chester in the U.K.

Columbus McKinnon (NASDAQ:CMCO) is a global designer and manufacturer of intelligent motion solutions that efficiently, safely and ergonomically move, lift, position and secure materials across commercial and industrial applications. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power & motion control systems.

On March 3, 2026, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $70 million Senior Secured Credit Facilities (the Credit Facilities) for BMM Testlabs (BMM or the Company). The Credit Facilities are comprised of a $20 million Revolving Credit Facility and a $50 million Term Loan A. Proceeds from the Credit Facilities will be used to fund The Visualize Group’s acquisition of the Company, for working capital needs and general corporate purposes, and to pay transaction fees and expenses. KBCM served as Joint Lead Arranger and Joint Bookrunner on the transaction.

BMM is the longest-established and most experienced private independent gaming certification lab in the world, with an unbroken 45-year track record of service to the global regulated gaming industry since 1981. BMM has successfully tested and certified the full scope of gaming products, including Class III, Class II, VLT, AWP, HHR, iGaming, sports betting, social, pari-mutuel, and lottery products. The Company employs more than 700 professionals in 16 offices worldwide and holds more than 700 licenses to serve customers across six continents. BMM’s world headquarters are in Las Vegas (USA), with offices in Argentina, Australia (Melbourne and Sydney), Brazil, Canada, India, Italy, Macau, Romania, Peru, Poland, Singapore, Slovenia, South Africa, and Spain.

Founded in 2023, The Visualize Group is a New York City-based private equity firm focused on making concentrated and high-conviction investments in companies operating within mission-critical, services-based sectors. Through its Cornerstone & Control strategy, the firm invests in generationally enduring businesses as a collaborative partner in public companies and a controlling partner in private companies.

KeyBank Community Development Lending & Investment provided capital for the rehabilitation of Henderson Court, a 150-unit affordable housing project in Bloomington, Indiana. 150 units will serve families and individuals earning no more than 60% of the Area Median Income (AMI). Supportive services will be offered to residents and will include case management, on-site health clinics, food pantry access, and youth and adult resident programming. We want to thank Gene B. Glick Co. for their sponsorship and shared mission to preserve much-needed affordable housing in Indiana.

The financing includes a $4.7 million equity bridge loan arranged by Kelly Frank, $9.5 million in LIHTC equity arranged by Ryan Olman, and a $22 million permanent loan arranged by Key’s Commercial Mortgage Group.

Cain Brothers, a division of KeyBanc Capital Markets, served as financial advisor to Healthcare Linen Services Group, a portfolio of York Capital Management, in its sale to The Sterling Group.

Cain Brothers was engaged based on our extensive knowledge of the healthcare and hospital end market and connectivity with buyers who would value HLSG’s infrastructure-oriented service model. This transaction continues Cain Brothers’ strong track record of representing healthcare distribution and logistics solutions. Terms were not disclosed.

Healthcare Linen Services Group is a leading provider of linen services to healthcare facilities, specializing in delivering high-quality linens and unparalleled customer service. With a commitment to excellence and innovation, HLSG serves healthcare organizations across the Midwest and Southcentral market, supporting their critical operations and patient care. 

York Private Equity, the private investing arm of York Capital Management, primarily targets control investments in middle-market businesses. Since inception in 2008, York Private Equity’s middle-market strategy has completed over 50 investments with aggregate transaction value in excess of $4 billion. York Private Equity has 13 dedicated team members. 

Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 77 platform companies and numerous add-on acquisitions for a total transaction value of over $27 billion. Sterling currently has approximately $9 billion of assets under management. 

On February 26, 2026, KeyBanc Capital Markets served as Joint Lead Arranger and Joint Bookrunner on a $1 billion Senior Secured Revolving Credit Facility for Peoria Resources, LLC (Peoria). Peoria is a subsidiary of JAPEX (U.S.) Corporation. Proceeds will be used to fund the acquisition of DJ Basin assets from Verdad Resources Holdings LLC and for general corporate purposes.

On February 26, 2026, KeyBanc Capital Markets served as Active Joint Bookrunner on a $750 million Senior Notes offering for Matador Resources Company. Proceeds will be used to repay existing indebtedness, and for general corporate purposes.