Navex Global gets $1.2 billion credit facility led by Antares

By Sara Rosenberg

New York, Nov. 9 – Navex Global closed on Thursday on a $1.2 billion senior credit facility, according to a market source.

Antares Capital served as lead arranger and administrative agent on the deal.

Proceeds were used to support a dividend recapitalization.

Closing leverage is about 7.25x and the structure is portable, the source added.

Navex, a portfolio company of BC Partners, is a Lake Oswego, Ore.-based provider of risk and compliance management software-as-a-service.

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