York Insurance gets $185 million unitranche debt financing, $20 million revolver

By Sara Rosenberg

New York, July 24 - York Insurance Services Group, Inc. closed on a new $185 million unitranche debt financing and a $20 million revolving credit facility, according to a news release.

Unitranche Fund LLC provided the debt financing and GE Global Sponsor Finance provided the revolver.

Proceeds were used to finance two acquisitions, refinance the company's existing senior syndicated credit facility and repay $47 million of mezzanine debt held by Allied Capital.

York Insurance is a Parsippany, N.J.-based third-party insurance claims administrator.

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