Daily News: December 6, 2017

Greypoint Capital Completes Four Transactions Totaling $160MM


Greypoint Capital, a Canadian alternative lender for middle market companies, closed four transactions in 2017 with an aggregate value of $160 million.

The first transaction was a $50 million term loan issued to a private industrial company based in Hamilton, ON. Proceeds were used to expand the existing business and for general corporate purposes.

The second transaction was a $60 million bridge loan issued to a Canadian company. Proceeds were used to expand the company’s assets.

The third transaction consisted of a $40 million bridge loan issued to CFFI Ventures, based in Bedford, NS. Proceeds were used in the privatization of a publicly listed portfolio company on the Toronto Stock Exchange.

The fourth transaction was a $10 million secured term loan issued to Bri-Chem, based in Acheson, AL. Proceeds were used to refinance a maturing credit facility.

“We are delighted to support four strong Canadian companies by giving them the capital needed to effectively grow their businesses, while providing management with a tailored credit structure that enables them to operate the business their way,” said Holly Allen, president and CEO at Greypoint. “We look forward to partnering with more great Canadian companies in the future and helping them to thrive and reach their fullest potential.”

Launched in 2013 to help Canadian middle market companies with their financing needs, Greypoint’s debt offerings include term loans, bridge loans and mezzanine loans.