SupplyOne secures $170 million facility led by Antares for buyout

By Sarah Lizee

Olympia, Wash., Feb. 5 – SupplyOne, Inc. obtained a $170 million senior secured credit facility with Antares Capital as administrative agent and lead arranger to support the acquisition of the company by Wellspring Capital Management LLC, according to a press release.

“We have worked with Antares in the past and were pleased to have them lead the financing for this transaction,” Matthew Harrison, partner at Wellspring, said in a news release.

“Antares was able to make a significant financial commitment, as well as deliver a structure that provides SupplyOne with flexibility to expand and execute on its acquisition strategy.”

SupplyOne is a Newtown Square, Pa.-based value-added distributor and converter of packaging products. Wellspring is a private equity firm based in New York.

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