Daily News: January 8, 2013

NXT Capital Agents $21.5MM Facility for Halco Lighting Recap


NXT Capital announced that it provided a $21.5 million senior secured credit facility to fund Lineage Capital’s recapitalization of Halco Lighting Technologies.

NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for this transaction.

Boston-based Lineage Capital invests exclusively in owner-managed and family-controlled businesses. The company focuses on lower middle-market businesses with EBITDA of greater than $4 million that desire a value-added partner to facilitate future growth and success

Atlanta-based Halco Lighting is a manufacturer and supplier of a line of lamps (known at the consumer level as light bulbs) and ballasts for the commercial, industrial, residential and specialty lighting markets.

T. Brook Parker, a founding partner of Lineage, stated “Our relationship with NXT Capital is relatively new, and off to a great start. The NXT team was quick, enthusiastic and gave us certainty of close on an accelerated timeframe. We look forward to working with them again.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors.