Capital One Bank Agents Atrenne Integrated Solutions Facility
Capital One Bank, acting as administrative and collateral agent, together with Credit Suisse Corporate Credit Solutions, acting as lead arranger, announced it closed and funded a $56.5 million, five-year senior secured facility for Atrenne Integrated Solutions. Atrenne is a portfolio company of RFE Investment Partners.
The facility was used to fund a portion of RFE’s acquisition of SIE Computing Solutions by Atrenne and to provide ongoing working capital for the company.
Atrenne is an advanced, vertically-integrated, custom engineering systems provider serving a wide variety of high-tech industries. The company combines a family of businesses for a unique combination of in-depth mechanical, electrical and system integration knowledge.
“We are pleased to work with Atrenne, a proven leader providing tremendous products to the marketplace,” said Barry Fein, SVP, Capital One Bank. “Atrenne has an exciting future ahead and we look forward to supporting their continued growth.”
Comprised of AbelConn, CBT Technology, Photo Etch and SIE Computing Solutions, Atrenne has more than 40 years of experience in the design and manufacturing of electro-mechanical integrated solutions for rugged and harsh environments. Effective January 1, 2015, CBT Technology and SIE Computing Solutions merged and rebranded as Atrenne Computing Solutions.
“This transaction positions our company to continue serving the needs of our customers,” said Jan Erik Mathiesen, CEO, Atrenne Integrated Solutions. “We look forward to this exciting stage in our company’s growth as we build upon our strong foundation of superior quality, delivery and service. Capital One Bank played a critical role by delivering the financing solution needed to complete this deal.”