Daily News: November 12, 2014

Madison Capital Funds Champion Manufacturing Recap

Levine Leichtman Capital Partners announced that portfolio company Champion Manufacturing successfully completed a recapitalization whereby Champion increased its senior credit facility to $24 million.

Proceeds of the transaction were used to pay a shareholder dividend and provide for on-going working capital needs of Champion. The senior credit facility was provided by Madison Capital Funding.

Elkhart, IN-based Champion is a designer and manufacturer of seating products for the healthcare market.