Marathon Asset Management and Webster Bank, N.A. announced the closing of a senior-secured financing agreement for Sunbelt Modular, Inc. This financing supports Sunbelt's acquisition by funds advised by Littlejohn & Co., LLC. Sunbelt Modular specializes in modular building solutions.
This transaction marks another successful engagement for the Private Credit partnership between Marathon and Webster Bank. The partnership aims to provide tailored financing solutions to middle-market companies and private equity sponsors. Webster Bank operates with $79 billion in total assets.
The continued activity within this partnership underscores Webster's strategic expansion into private credit markets. This initiative is designed to enhance the bank's commercial lending capabilities and generate additional fee income.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.