ATI to use $160 million mezzanine debt to fund portion of KRG buyout

By Lisa Kerner

Charlotte, N.C., Jan. 8 - ATI Physical Therapy Inc. will use $160 million of mezzanine debt from Crescent Mezzanine Partners and equity to fund a portion of the December buyout of the company by KRG Capital Partners from GTCR.

The company is also planning on holding a bank meeting during next week to launch a $335 million secured credit facility, a market source said.

ATI Physical Therapy is a Bolingbrook, Ill.-based operator of physical therapy clinics.

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