Alaska Club obtains $76 million senior credit facility for acquisition

By Tali Rackner

Norfolk, Va., March 5 – The Alaska Club received a $76 million senior credit facility to support the acquisition of the company by Partnership Capital Growth investors, according to a news release.

Ares Capital Corp. served as lead arranger, bookrunner and collateral agent for the financing, which occurred in the fourth quarter of 2014. Ares also made an equity co-investment in connection with the transaction.

The Alaska Club is a health and fitness club operator in the state of Alaska.

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