LBC Agents $35MM Term Loan for Retail Supplier
LBC Credit Partners announced the completion of a $35 million senior secured term loan to idX, a portfolio company of ACON Investments. LBC served as the sole lead arranger, sole bookrunner and administrative agent for this transaction.
The financing was used to refinance existing debt and will provide support for idX to continue to execute its strategic growth plan, including acquisitions and investments in its domestic and offshore operations.
ACON and idX approached LBC Credit Partners for financing that would allow idX to invest in the infrastructure and enable idX to expand its position as a market leader in customized fixture solutions.
A privately held company, idX specializes in retail display fixture manufacturing, logistics and project management.
LBC Credit Partners is a provider of middle-market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.