360training Refinances Existing Credit Facilities

Refinancing provides company with additional capacity to pursue successful acquisition strategy as an acquirer of choice

AUSTIN, Texas--(BUSINESS WIRE)-- 360training (“the Company”), a leading provider of online training and continuing education to regulated industries, today announced that it has refinanced its existing credit facilities to help further support the Company’s rapid growth and acquisition strategy.

As part of the refinancing, Apogem Capital, Churchill Asset Management, and Crescent Capital will now serve as the Company’s three primary lenders and will work closely with 360training’s equity partners, GreyLion and Vestar Capital Partners. The refinancing features a significant expansion of 360training’s committed, undrawn “delayed draw” term loan facility to support the continued execution of its successful M&A strategy.

Tom Anderson, Chief Executive Officer of 360training, said, “The refinancing of our existing credit facilities provides us with more flexibility to scale our platform and enables us to aggressively pursue acquisitions as an acquirer of choice. We greatly appreciate the support that we have received from Apogem, Churchill, and Crescent and believe they will serve as valuable strategic resources alongside our longstanding equity partners, GreyLion and Vestar.”

360training has completed over 13 acquisitions since 2010.

About 360training

360training is an integrated digital training and compliance platform for highly regulated industries. Through a unique combination of differentiated technology and deep regulatory expertise, 360training enables professionals to attain jobs and maintain industry-mandated requirements while helping organizations develop their workforces and remain compliant. 360training’s robust, proprietary content library offers over 6,000 courses across major business verticals: Environment Health & Safety, Food & Beverage, Real Estate, Healthcare, Financial Services and more.

Since 1997, 360training.com, Inc. has delivered over 11 million training plans across multiple brands, including HIPAA Exams, Meditec, AgentCampus, VanEd, TIPS, OSHAcampus, OSHA.com, and Learn2Serve. Please visit www.360training.com or their social media accounts on Facebook, Twitter, and LinkedIn to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240312229335/en/

Media:
Mike Geller
Prosek Partners
[email protected]

Source: 360training

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