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Financial Advisory & Debt Arrangement • Dallas, Texas

Flexible Debt Capital for Middle-Market Companies

Sabine Capital Partners acts as financial advisor and arranger of debt financing for middle-market companies—sourcing the right capital structure from the private credit market. $5M to $50M. Since 2010.

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2010
Founded
$5–50M
Facility Size
13+
Facility Types
100%
Middle Market Focus
What We Do

Sabine Corporate Credit

We act as financial advisor and arranger of debt financing for middle-market companies, sourcing the right capital structure from across the private credit market. Where traditional banks are less active or less flexible, we find the solution.

Senior & Unitranche

First-lien, unitranche, stretch senior, and first-out-last-out structures. The core building blocks of middle-market private credit.

Junior & Subordinated Capital

Second-lien, mezzanine, holdco notes, holdco PIK, and preferred equity. Gap-filling capital when senior capacity isn't enough.

Liquidity & Working Capital

Revolvers, asset-based lending, asset-backed finance, and ARR-based facilities for businesses with strong collateral or recurring revenue.

Special Situations

Rescue capital, opportunistic financing, and bespoke solutions for stressed or time-sensitive situations where speed and certainty matter most.

View all 13 facility types →
Financing Solutions

The Facilities We Arrange

Private credit today is heavily focused on middle-market borrowers, especially where traditional banks are less active or less flexible. We arrange the full range of private credit facilities, tailored to each situation.

$5M – $50M
Facility Size
Middle Market
Target Companies
United States
Geographic Focus

Liquidity & Working Capital

Revolver / Working-Capital Line

For seasonal liquidity, receivables swings, inventory, and general working capital. A standard product in private credit alongside term loans and delayed-draw facilities.

Asset-Based Lending / Asset-Backed Finance

When the business has strong collateral but weaker cash-flow lending capacity. Covers receivables, inventory, structured debt, hard assets, consumer finance, warehouse financing, and bilateral ABL structures.

Base Leverage

Funded Term Loan

Drawn at closing for refinancing, dividends, acquisitions, or general corporate purposes. One of the core building blocks in private-credit-backed capital structures.

First-Lien Senior Secured Loan

The plain-vanilla senior private credit facility. Sits at the top of the capital structure, usually secured by substantially all assets. Includes unitranche structures.

Unitranche

Often the most important product for middle-market financing. Combines what might otherwise be separate senior and junior debt into one facility, one lender group, and one document set—faster and simpler than a traditional bank-plus-mezzanine structure.

Stretch Senior / First-Out-Last-Out

Variations of senior private credit that let lenders allocate risk internally while presenting a cleaner, single-facility solution to the borrower.

Future Funded Needs

Delayed-Draw Term Loan (DDTL)

Committed capital for future acquisitions, capex, integration costs, or liquidity support—rather than drawing all proceeds on day one. Can be structured creatively, including as payment DDTLs.

ARR-Based / Recurring-Revenue Facilities

For software and tech-enabled businesses where traditional EBITDA underwriting may not capture credit quality well. Recurring-revenue-based leverage structures have become increasingly common in the middle market.

Leverage Beyond Senior Capacity

Second-Lien Debt

Junior to first-lien but still debt, not equity. Useful when the borrower needs more leverage than a senior lender will provide but does not want to fill the gap entirely with equity.

Mezzanine Debt

Subordinated junior capital, often with a higher coupon and sometimes equity-linked upside. The classic gap filler when senior or unitranche capacity is not enough.

Holdco Notes / Holdco PIK

Structurally subordinated facilities issued at the holding company level. More bespoke and typically more expensive, but can solve capital-structure problems when operating-company leverage is constrained.

Preferred Equity

Not debt in the strict sense, but part of the broader non-control capital solution set. Bridges a financing gap without common-equity dilution in the same way as a straight equity round.

Complex & Stressed Situations

Special Situations / Rescue / Opportunistic Capital

For unusual or stressed cases: covenant pressure, a failed sale process, near-term maturity walls, acquisition opportunities that need speed, or refinancing risk. More bespoke and typically more expensive, but designed for situations where flexibility and certainty matter most.

How We Work

Our Process

From initial conversation to closing, we manage the capital-raising process so you can focus on running your business.

1

Situation Assessment

We learn your business, capital needs, and timeline. We evaluate the full picture—cash flows, collateral, growth plans, and existing capital structure—to identify the right financing approach.

2

Structure & Strategy

We design the optimal capital structure and identify the best-fit lenders from across the private credit market. You get a clear recommendation on facility type, terms, and lender positioning.

3

Market & Execution

We prepare materials, run a targeted lender process, negotiate terms on your behalf, and manage the diligence workstream. We drive competitive tension to get you the best outcome.

4

Closing & Funding

We coordinate documentation, manage closing mechanics, and ensure funds flow on schedule. After close, we remain available for future capital needs.

Track Record

Representative Engagements

Select examples illustrating how we structure and arrange financing across industries and situations.

Healthcare Services

Acquisition Platform Build

Advised a specialty healthcare company on a capital structure to support two add-on acquisitions. Arranged a unitranche facility with a delayed-draw component for the second acquisition, replacing a more complex bank-plus-mezzanine structure the company had initially explored.

Facilities Arranged
Unitranche + DDTL
Use of Proceeds
Acquisitions
Business Services

Sponsor-Backed Buyout

Arranged the debt financing for a private equity-backed management buyout of a B2B services company from a retiring founder. Structured a first-lien term loan with a revolver for working capital, and sourced mezzanine to bridge the gap between senior capacity and total leverage need.

Facilities Arranged
First Lien + Revolver + Mezz
Use of Proceeds
Buyout
Manufacturing

Refinancing Under Pressure

Engaged by a precision manufacturer facing a near-term maturity wall with its incumbent bank group. Ran a targeted lender process across the private credit market and arranged a new first-lien facility on improved terms, giving the company runway to execute its growth plan.

Facilities Arranged
First Lien Term Loan
Use of Proceeds
Refinancing

Transaction details have been generalized. Actual terms and company information are confidential.

Leadership

Our Team

Experienced professionals with deep expertise in middle-market credit and capital markets.

Todd Foster

Founder & Managing Partner

Founded Sabine Capital Partners in 2010. Over 20 years of experience in commercial banking, corporate finance, private equity, and venture capital investing. Former commercial banker with Citigroup in New York and Dubai, Special General Partner at Cottonwood Capital Partners, and Vice President at Frontline Capital Group in New York. Leads the firm's advisory practice, structuring and arranging debt financings for middle-market companies across the private credit market. FINRA registered representative (Series 63 & 82). MBA in Finance, Emory University. BA, Vanderbilt University.

Bronson Stocker

Managing Director

Advisor to Sabine since 2015. Over 30 years of experience across corporate finance, credit markets, and advisory. SVP at Bank of America for 15 years in Dallas and London, managing trade finance for Western U.S. operations and middle-market banking relationships. Director at Standard & Poor's for 10+ years, managing rated issuer relationships across oil & gas, chemical, healthcare, technology, media, and retail sectors—covering public debt markets, syndicated loans, and M&A financings. Structured $2–$100M export financings for foreign governments at Bell Helicopter Textron. Former CFO at G2Lytics (AI/data science) and Partner at Quarternight Financial Services. CPA (KPMG). BBA Accounting, University of Texas at Austin.

Scott Alan Giambalvo

Managing Director

Advisor to Sabine since its inception in 2010. Brings deep expertise in healthcare services, medical devices, and health-tech commercialization. Previously EVP at OraMetrix and Director at Stryker Corporation, where he spent 14 years building divisions across the U.S. and Canada. Founder of Scott Alan Enterprises, providing commercialization and interim CEO services to medical device and health IT companies. MBA from Carnegie Mellon (Tepper), Harvard Business School Leadership Academy, Cornell University.

Our Advantage

Why Sabine Capital

Speed & Certainty

We move fast. Our lender relationships and market knowledge let us identify the right capital source quickly and drive processes to term sheets in days, not months.

Full Product Range

Thirteen facility types from revolvers to special situations capital. We design the right structure for your situation rather than fitting you into whatever product a single lender happens to offer.

Aligned Advocacy

We represent you, not the lender. As your advisor, we negotiate on your behalf and create competitive tension in the market to get you better terms, pricing, and flexibility.

15+ Years of Experience

Founded in 2010, we've arranged financings through multiple credit cycles. We know which lenders are active, what terms are achievable, and how to close transactions that banks won't touch.

Get in Touch

Submit a Deal

Whether you're a business owner, sponsor, or intermediary, tell us about your financing need and we'll identify the right solution.

Contact Information

We review every submission and respond within 48 business hours.

Address
1901 N. Akard Street
Dallas, Texas 75201
Regulatory
SEC Registered Investment Adviser
CRD #287527
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