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Chicago, Illinois – NXT Capital (www.nxtcapital.com) today announced that it has provided an $82.5 million senior credit facility to fund Palladium Equity Partners’ and management’s recapitalization of ABRA Auto Body & Glass. NXT Capital was the Administrative Agent, Joint Bookrunner and Co-Lead Arranger for this transaction.

Founded in 1984, ABRA provides industry-leading vehicle damage repair services though 75 company-owned and 38 franchised locations across 12 states.

“NXT Capital executed this transaction in just two weeks and provided the certainty we were looking for,” said Luis Zaldivar, Director, Palladium Equity Partners. “In addition, NXT’s ability to hold a significant portion of the debt facility and its knowledge of the collision repair industry distinguished them.”

“It was a pleasure to have NXT Capital lead the senior financing for the ABRA transaction,” said Paul Jevnick, Managing Director of Greene Holcomb & Fisher LLC, a private investment banking firm that advised ABRA. “We were very impressed with NXT’s professionalism and speed.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.