Daily News: January 2, 2013

NXT Capital Agents Summit Park’s $32MM Recap of NSi Industries


NXT Capital announced that it provided a $32 million senior secured facility to fund Summit Park’s recapitalization of NSi Industries.

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

“NXT Capital has been an outstanding financing partner on the transactions we’ve done with them,” said Jim Johnson, managing partner of Summit Park. “The NXT team was flexible, responsive and made it easy to execute on this deal.”

Summit Park is a private investment firm that targets lower middle-market opportunities.

NSi Industries is a designer, manufacturer and marketer of a wide variety of electrical connectors, time switches, wire management products and related electrical components for construction, maintenance and repair applications.

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