OSG Group Holdings amends and upsizes credit facilities

By Sara Rosenberg

New York, Sept. 20 – OSG Group Holdings Inc. amended and increased the size of its existing credit facilities due in 2024, according to a news release.

“The refinancing accomplishes several major objectives for the company. It extends our debt maturity profile and enhances our liquidity position by increasing the size of our revolving credit facility and adding cash to the balance sheet,” said Scott W. Bernstein, chairman and chief executive officer, in the release.

“Additionally, along with an add-on investment by our equity sponsor, Aquiline Capital Partners and its affiliates, the refinancing provides us with the committed capital needed to continue executing our business transformation and growth strategy,” Bernstein added.

OSG is a Ridgefield Park, N.J.-based provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management.

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