Chicago, Illinois – NXT Capital announced that it has provided a $58 million senior secured credit facility to support Spire Capital’s acquisition of On Campus Marketing.
NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.
“The NXT team knew On Campus Marketing well from a prior lending relationship and worked with Spire effectively on an expedited timeline to fund the transaction. Spire and management are excited to have NXT lead our debt financing,” said Anthony Cassano, Principal, Spire Capital.
On Campus Marketing is the largest e-commerce provider of affinity programs for universities and colleges across the United States. Headquartered in Ewing, New Jersey, the company provides college dorm supplies, care packages and other essentials for college life, as well as unique and useful gifts.
Spire Capital is an active and experienced private equity firm with an investment focus in small market companies within the business services, information services, education, media and communications sectors. Spire Capital was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad array of past operating, investing and advisory experiences they leverage to help portfolio companies accelerate growth, guide strategic direction and execute their business plan. Spire Capital is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York, Phoenix and San Francisco.