MaxiTransfers Secures $100 million in Debt Financing

Irving, TX – September 15, 2022 – MaxiTransfers, a money service business that has been serving the Latin American community in the U.S. since the early 2000’s, announced a refinancing of its existing debt facilities and an expansion of credit facility facilities to support growth.

The company partnered with a syndicate of banks, led by Wells Fargo, to close a $40.0 million term loan, and a $60.0 million revolving credit facility. Housatonic Partners, a growth-oriented private equity fund focused on investing in recurring revenue services companies, remains the majority shareholder in MaxiTransfers.

Gabriel Manjarrez, Chief Executive Officer of MaxiTransfers, added, “We are very excited to partner with Wells Fargo and the rest of the syndicate on this credit facility, which will be a key component for Maxi’s continued growth.”

Financial terms of the refinancing are not disclosed.

About MaxiTransfers

MaxiTransfers is a money services business serving the US-Latin American corridor since the early 2000’s. The company offers money transfer services, bill payment, pre-paid long-distance calling, and cell phone top-ups. Based in Irving, Texas, MaxiTransfers operates through a network of over 3,000 active agents in 49 U.S. states and over 100,000 payers in 16 Latin American and Caribbean countries. For more information, please visit www.maxillc.com.

About Housatonic Partners

Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.5 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 100 small to mid-sized companies over the last 28 years. For more information, please visit www.housatonicpartners.com.