Senior Secured Facilities

Sector: Educational Software

AB Private Credit Investors™ (“AB-PCI”) recently closed senior secured credit facilities to support the Apax Digital Fund’s acquisition of MetaMetrics, Inc. AB-PCI was able to quickly deliver a flexible, fully underwritten solution as a result of its experience in structuring debt financings for educational technology companies.

MetaMetrics® is an award-winning education technology organization that offers the only scientifically valid, universal scales for measuring reading and listening (Lexile®) as well as math (Quantile®). For 35 years, MetaMetrics’ work has been increasingly recognized for its research-based approach to improving learning.

The Apax Digital Fund specializes in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. 

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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.