We provided First Lien capital as part of the GSO term loan to support the merger of Air Energi and Swift Worldwide Resources.
Air Energi and Swift Worldwide Resources are backed by Legal & General Ventures and Wellspring Capital Management respectively.
Ian Langley, AirSwift chairman commented: “Our relationship with the Tosca Debt Capital Principals dates back many years and we are delighted to renew that relationship as we embark on the next phase of our journey. Tosca’s ability to understand and manage the complex multi-lender issues that accompanied this transaction was first rate and instrumental to their successful participation.”
Joshua Cascade, managing partner at Wellspring Capital Management, said: “We are pleased to have Tosca Debt Capital as a partner in this deal. It was an extremely complex cross-border deal to deliver in a short time frame and we were impressed with the Tosca team and their ability to understand the issues and meet the transaction deadlines.”
Deal typeFirst Lien Facility
Deal dateJanuary 2016
SponsorWellspring Capital Management