Associa gets $1.27 billion senior secured credit facility via Owl Rock

By Marisa Wong

Los Angeles, Aug. 10 – Associa announced a new $1.27 billion senior secured credit facility that includes a revolver and delayed-draw term loans.

The financing was led by Owl Rock, according to a news release.

Associa intends to use the capital to refinance an existing credit facility and to fund general corporate purposes and continued mergers and acquisitions.

The community management company is based in Dallas.

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