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FT Partners Serves as Capital Markets Advisor to Performant Financial on Securing its
$147.5 Million Credit Facility

Overview of Transaction
  • On March 19, 2012, Performant Financial ("Performant") announced it had secured a new $147,500,000 credit facility
  • Proceeds will be used to refinance the existing credit facility and buy out a portion of the Company's preferred equity
  • FT Partners worked with a number of lenders, and the Company ultimately chose Madison Capital as Lead Arranger for the facility
Significance of Transaction
  • Transaction allowed the Company to significantly reduce interest expense and increase flexibility to pursue future strategic acquisitions
FT Partners' Role
  • FT Partners served as the exclusive capital markets advisor to Performant and its management team
  • Transaction highlights FT Partners' ability to successfully and efficiently help clients to execute complex capital markets transactions
  • FT Partners worked with the Company and Madison Capital to develop a detailed and comprehensive set of marketing and financial materials to highlight the unique value proposition of Performant and to enable efficient and thorough investor diligence