LBC Credit Partners provided a senior secured term loan to support the recapitalization of KL Outdoor by New Water Capital.

LBC served as the administrative agent and sole lender for the senior secured term loan.

KL Outdoor is a U.S.-based manufacturer, designer and marketer of branded outdoor lifestyle/recreational and outdoor event products. The company’s product lines include kayaks, stand up paddleboards, canoes, pedal boats, hunting blinds, sleds and portable restrooms as well as related accessories.

New Water Capital makes control investments in North American lower middle market companies with revenues of approximately $30 million to $300 million in the consumer products, retail, industrial manufacturing and services sectors.