MVC Provides $10MM Second Lien Loan to G3K Displays
MVC Capital, a publicly traded business development company that makes private debt and equity investments, announced today the completion of a second lien term loan of $10.0 million to G3K Displays.
Under the terms of the transaction, MVC said it has committed to provide a $10.0 million loan in two installments: $6.0 million upfront followed by $4.0 million in delayed draws subject to G3K reaching certain milestones. The loan, which carries a cash interest rate of 13%, matures in five years and includes warrants.
Hoboken, NJ-based G3K is a custom designer, manufacturer and installer of in-store environments, signage, displays and fixtures for the retail industry.