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Senior Secured Credit Facilities

Sole Lead Arranger, Admin Agent | December 2021

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent of senior secured credit facilities in support of Novacap’s acquisition of Stratus Networks. AB-PCI worked with Novacap to craft a scalable solution, leveraging significant shared expertise in the enterprise fiber industry.

Headquartered in Peoria Heights, Illinois, Stratus Networks is a leading provider of fiber-optic bandwidth infrastructure services. Founded by Co-CEOs John Petrakis and Kevin Morgan in 1999, Stratus has grown to become a leading data and voice networking services provider, with a full suite of products including data, cloud and voice solutions.

Founded in 1981, Novacap is a leading North American private equity firm with over C$8 bil. of AUM that has invested in more than 100 platform companies and completed more than 150 add-on acquisitions. Applying its sector focused approach, Novacap has a history of accelerating company growth and creating long-term value. Novacap has offices in Brossard, Québec and Toronto, Ontario.

Contact Us

Brent Humphries

President and Founding Member
512.721.2916
Brent.Humphries@AllianceBernstein.com

Patrick Fear, CPA

Managing Director and Founding Member
512.721.2913
Patrick.Fear@AllianceBernstein.com

Evan Cohen, CFA

Managing Director
512.721.2912
Evan.Cohen@AllianceBernstein.com

Sean Kennedy

Director
512.721.2918
Sean.Kennedy@AllianceBernstein.com

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