Penfund extends $60 mln loan to OMERS-backed Caliber Collision

Penfund, a Toronto-based provider of junior capital to mid-market companies, has extended a US$60 million second lien loan to Caliber Collision Centers Inc, a Lewisville, Texas-based operator of non-franchised collision repair service facilities in the United States. The announcement came on the heels of last week's acquisition of Caliber by OMERS Private Equity for an estimated US$425 million. The company was bought by OMERS from ONCAP, which had owned Caliber since leading its management buyout in 2008. Penfund at the time of the management buyout invested US$34 million in the business.

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