LBC Provides Term Loan to The Berry Company
LBC Credit Partners announced the completion of a $15 million senior secured term loan to support the recapitalization of The Berry Company.
LBC was the agent and sole lender for the facility, which was provided in conjunction with an equity investment from the company’s shareholders. The credit facility was used to refinance Berry’s existing debt and to support the company’s future growth strategy.
The Berry Company is a provider of local online, search, video and print solutions to small and medium-size businesses across the nation.