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Piper Sandler Finance, LLC

Debt facilities underwriter

Piper Sandler Finance underwrites debt facilities for sponsored and non-sponsored middle-market companies. As a wholly owned lending subsidiary of Piper Sandler Companies, Piper Sandler Finance has been backed with $1.0 billion of equity commitments. We primarily deploy middle-market loans between $75 million and $350 million with larger loans considered selectively.

Lending Criteria

  • Company is headquartered in North America
  • EBITDA of $15 to $100 million+, with the ability to underwrite smaller / negative EBITDA in unique situations (such as SAAS / Software companies)
  • Leverage of up to 6.5x, with the ability to leverage above 6.0x selectively
  • Focused on underwriting coupons of L + 600-900 bps
  • Focus on first lien and stretch unitranche, with the ability to selectively underwrite second lien and mezzanine loans
  • Sponsor and non-sponsor financings
  • All use of proceeds including financing acquisitions, refinancings, dividend recapitalizations, staple financings and for general corporate purposes

Piper Sandler Finance, LLC is a wholly owned financial lending subsidiary of Piper Sandler Companies, and affiliate of Piper Sandler & Co., an SEC registered broker/dealer. All securities products and services are offered through Piper Sandler & Co., member NYSE and SIPC.