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PGIM Private Capital invests USD65m in ED&F Man Capital Markets US Holdings

PGIM Private Capital provided a USD65.0 million Senior Secured Credit Facility consisting of a USD50.0 million Senior Secured First Lien Term Loan and a USD15.0 million committed Delayed Draw Term Loan to ED&F Man Capital Markets US Holdings, Inc, a global financial brokerage business. 

“We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth. Our experience with similar financings in this sector introduced us to the opportunity to work with the Firm’s management team, forming a strong, direct partnership. Our relationship-oriented approach is reflected in the Firm’s mission centred on integrity, trust, client care and astute risk management,” says PJ LaFemina, Vice President of PGIM Private Capital’s Direct Lending group.

Christopher J Smith, Global CEO of ED&F Man Capital Markets, says: “Our partnership with PGIM Private Capital’s Direct Lending group is built on a relationship whose foundations go back over many years. The provision of USD65 million of strategic financing will enable us to leverage the significant opportunities we see as a leading provider in global capital markets operating at the heart of the financial services ecosystem. Our Firm has a resilient and proven track record, a highly executable strategy, and clear vision for the future This facility will enable us to develop and achieve our financial and strategic goals.”

Matthew Harvey, Managing Director and Head of PGIM Private Capital’s Direct Lending group, says: “We look forward to supporting ED&F Man Capital Markets’ strategic journey and working closely with their leadership team. Our Direct Lending strategy is based on close, long-term relationships with strong management teams, which was reflected through the Firm’s outstanding leadership. Our thorough understanding and experience with financing strategies and flexible structures enabled us to provide a valuable solution as ED&F Man Capital Markets further invests in their business.”

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