Spectrum Automotive Holdings and Cornell Capital

Madison Capital Funding closed a $245,000,000 senior debt facility to finance an add-on acquisition of Spectrum Automotive Holdings Corp. (“Spectrum”) by Cornell Capital.  Madison Capital Funding was the Joint Lead Arranger and Documentation Agent.  Further terms were not disclosed.

Spectrum is an agent, marketer and administrator of finance and insurance products for the U.S. automotive market.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $37.3 billion in 1,260 middle market transactions with 318 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact media@mcfllc.com. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein.

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