MB Business Capital provided a new $23.5 million senior credit facility to family entertainment toys and games manufacturer PlayMonster, formerly known as Patch Products.

PlayMonster is a portfolio company of private equity firm Topspin Partners, which purchased the company in 2014. In addition, Balance Point Capital Partners has provided PlayMonster with a mezzanine debt facility.

“MB Business Capital is very pleased to welcome PlayMonster as a new customer and to team up with Topspin and Balance Point to support this great company. We were able to deliver a resourceful facility that supports their plan to broaden product offerings and continue the company’s growth strategy,” said Michael Sharkey, president of MB Business Capital.

“Topspin was looking for a partner that could support the continued growth of PlayMonster and deliver a flexible financing solution. The MB Business Capital team was able to meet our needs in a very expeditious manner that was specifically tailored for PlayMonster.” said Stephen Parks, principal of Topspin Partners.