South Street Securities Holdings, Inc. announced the completion of the sale of $90 million secured notes and warrants to certain funds and accounts managed by BlackRock, Inc. and BC Partners, Inc.
Jim Tabacchi, Chief Executive Officer of South Street, commented, “I am delighted that BlackRock and BC Partners are partnering with us. This capital allows us to accelerate the growth of our finance and technology businesses.”
Mark Lawrence, Managing Director at BlackRock, stated, “We are enthusiastic about our partnership with Jim and the South Street team.” Steve Kavulich, Director at BlackRock, added, “Jim and his senior team have done an excellent job of building South Street over nearly two decades and we’re excited to partner with him as he continues to grow the business”, while Ted Goldthorpe, Head of BC Partners Credit, added, “We are pleased to be aligned with BlackRock in this facility for South Street, a long-standing relationship of BC Partners.”
Pi Capital International, SHEUMACK GMA, and AmeriVet Securities, Inc. served as financial advisors to South Street in this transaction.
