Credit Value Partners, LP Provides $26.5 Million Senior Secured Debt Financing to Pali Corporation, Nuuanu Hale Convalescent Hospital, and Liliha Healthcare Center

GREENWICH, Conn., Feb. 10, 2015 /PRNewswire/ -- Credit Value Partners, LP, as agent for funds and accounts under its management ("CVP"), a registered investment advisor specializing in corporate debt investments, announced that it closed a $25.0 million senior secured term loan and a $1.5 million revolving line of credit with Pali Corporation, Nuuanu Hale Convalescent Hospital, and Liliha Healthcare Center (collectively, "Pali").  Proceeds of the loans are being used to refinance the Company's existing debt and for ongoing working capital to support two skilled nursing facilities in Hawaii.

"CVP is very pleased to have provided this secured debt facility to Pali," said Don Pollard, Managing Partner for Credit Value Partners, LP.  "This loan highlights the strength of CVP's direct lending platform and the depth of our firm's healthcare expertise."

"It's a great privilege and honor to be working with CVP," said Dr. Edison H. Miyawaki, President of Pali Corporation.  "The CVP deal team of Michael Keller and Robert Gittrich exhibited a thorough understanding of the healthcare industry and were able to execute in a timely and thoughtful manner."

RedRidge Finance Group served as an advisor to CVP on this transaction, while James Lewin of Financial Asset Capital Corporation acted as advisor to Pali Corporation.

About Credit Value Partners, LP:
CVP is a registered investment advisor specializing in High Yielding and Non-Investment Grade Corporate Debt. The founding CVP team was formed with Credit Suisse Asset Management ("CSAM") in February 2008 and spun out of CSAM as an independent firm in October of 2010. Today, CVP manages approximately $2.2bn in regulatory AUM and has over 400 institutional and high net worth investors. CVP has a team of 7 senior PM's and Loan Originators – Don Pollard, Grant Pothast, Mike Geroux, Joe Matteo (CLO PM), Mike Keller, Rob Gittrich, and Dave Gozdecki – with over 20 years of experience each. CVP's senior members previously ran the corporate lending businesses at CS and DLJ and managed lending groups at CapitalSource and GE Capital.

About Pali Corporation:
Pali Corporation consists of two skilled nursing facilities in Honolulu, Hawaii.  These facilities have been owned and operated by Pali Corporation for over 25 years.    These facilities provide both short term rehabilitation services and long term care for the elderly.  Pali Corporation works closely with the residents, their families and physicians to ensure the highest quality of care.

SOURCE Credit Value Partners, LP