Daily News: January 11, 2013

NXT Capital Leads $63.3MM ROM Recap


NXT Capital announced that it has provided a $63.3 million senior secured facility to support the recapitalization of ROM Corporation, a Century Park Capital Partners portfolio company.

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

“We appreciated NXT Capital’s outstanding work in syndicating this transaction and meeting a tight closing deadline,” said Steven Trembley, principal, Century Park Capital Partners. “NXT once again demonstrated its commitment to our relationship and ability to provide reliable deal execution.”

Belton, MS-based ROM Corporation designs and manufactures niche products for the emergency vehicle, refrigerated trailer and commercial utility vehicle industries.