Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense
Summary
NEW YORK, October 09, 2024--(BUSINESS WIRE)--Marathon Asset Management ("Marathon"), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the "Company"), a portfolio company of DC Capital Partners.Owl Cyber Defense is a leading provider of Cross Domain Solutions (CDS) and Data Diode technology, primarily to U.S. Department of Defense and Intelligence Community customers. "Owl Cyber Defense has a 20 plus year history, leadership in edge security solutions, and a focus on quality, innovation, and service that has increasingly positioned the company as a value-add partner to its global customer base," said Curtis Lueker, Marathons Head of Direct Lending. "DC Capital Partners is an exceptional middle-market sponsor with specialization in Government and Engineering markets and a strong strategic vision for future growth. ""Marathons Direct Lending program works collaboratively with middle market companies and sponsors across industries to provide creative and reliable financing solutions," said Bruce Richards, Marathons CEO and Chairman. Its corporate headquarters are located in New York City, and it has offices in London, Miami, Los Angeles and Luxembourg.