Angelo Gordon's ClearBalance Set for Dividend Recap
August 20, 2015
ClearBalance, a portfolio company of Angelo, Gordon & Co.'s private equity group, has closed on a new $50 million credit facility led by Madison Capital Funding. The capital will be used to fund a dividend to shareholders as well as support company growth. Founded in 1992, ClearBalance is a provider of loan programs that help patients to pay for their medical care; the company's loan volume has grown 60% since receiving backing from Angelo Gordon in December 2012.