LBC Agents Facilities to Support C&K Recap
LBC Credit Partners agented senior facilities totaling $83 million to support the recapitalization of C&K Components, a portfolio company of Littlejohn. Proceeds will also be used to refinance existing indebtedness and provide a dividend to the shareholders.
LBC Credit Partners served as administrative agent and sole lead arranger for the transaction.
Massachusetts-headquartered C&K Components is a global manufacturer of electronic switch and interface technology.
Littlejohn & Co. is a Greenwich, CT-based private equity firm investing in middle-market companies.