Daily News: July 17, 2017

NXT Capital Provides $42MM To Support Aakash Chemicals Refi

NXT Capital provided a $42 million senior secured credit facility to support the refinancing of Aakash Chemicals and Dye-Stuffs, a portfolio company of CenterOak Partners.

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

Founded in 1978, Aakash Chemicals is a supplier of colorants, additives and other specialty chemicals. The company supplies products for use in a variety of industries, with a focus on plastics, coatings and graphic arts end markets. Aakash Chemicals is headquartered in Glendale Heights, IL.

“We are pleased to work with the NXT Capital team,” said Randall Fojtasek, managing partner of CenterOak. “NXT’s ability to provide substantial growth capital will help Aakash Chemicals achieve its strategic objectives.”