Hand & Stone financed by senior debt from Madison Capital Funding LLC
Madison Capital Funding LLC closed a $35,000,000 senior debt facility to refinance their existing debt facility of Hand & Stone by Levine Leichtman Capital Partners, the lender announced today. Madison Capital is the Sole Lead Arranger and Administrative Agent; further terms were not disclosed.
Hand & Stone is a franchisor of massage and other spa services.
Founded in 2001, Madison Capital Funding LLC is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison has invested approximately $24.0 billion in over 1,000 middle market transactions with more than 260 private equity sponsors.
The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of the account’s portfolio holdings. A complete list of all holdings is available upon request; please contact firstname.lastname@example.org. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein.