LBC Credit Agents Term Loan to Support Defiance Refi
LBC Credit Partners agented a $20 million second lien term loan to Defiance Metal Products, a portfolio company of Taglich Private Equity. LBC Credit Partners served as administrative agent and sole lender for the second lien term loan facility.
Proceeds were used to facilitate a recapitalization and a buyout of certain minority shareholders.
Taglich Private Equity is a financial sponsor.
Defiance, OH-headquartered-Defiance Metal Products is a precision manufacturer of low- to medium-volume engineered components for the commercial vehicle market.