Palm Tree LLC Announces the Successful Close of Senior Credit Facilities for American United Home Care

LOS ANGELES, February 12, 2020 – Palm Tree LLC, a consulting and advisory firm, is pleased to announce that its wholly-owned broker-dealer subsidiary, Palm Tree Securities LLC, served as the exclusive financial advisor to American United Home Care (AUHC) through its debt refinancing and restructuring to gain liquidity for add-on acquisitions. American United Home Care is a portfolio company of The Pine Street Group, a private equity firm headquartered in Los Angeles, CA.

“Palm Tree successfully placed our debt financing to enable us to grow our business,” said Jonathan Sassover, Managing Partner of Pine Street Group and CEO of AUHC. “The team at Palm Tree, led by Stephen Rossi, were a pleasure to work with to help secure our financing needs.”

AUHC is a full-service home healthcare agency that employs hundreds of medical and administrative professionals and provides skilled home healthcare throughout Southern California. Founded in 1986, AUHC has provided at-home nursing care primarily to pediatric and geriatric patients for 34 years. Increased demand driven by the Covid-19 pandemic plus an aggressive acquisition strategy driven by ownership put the company in need of a new capital partner able to help AUHC grow rapidly.

“We provided a capital solution for AUHC that accomplished two strategic financial objectives,” said Stephen Rossi, Managing Director of Palm Tree, and head of its Capital Markets Group. “Not only did we refinance AUHC’s existing facilities on a much more attractive basis, but we were also able to provide sufficient dry powder to fuel its current growth and acquisition strategies.”
Acting as the exclusive financial advisor to The Pine Street Group and AUHC, Palm Tree worked closely with the management team and shareholders throughout the financing process.

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