Mountain Ridge Capital (MRC) closed a $30.8 million senior secured credit facility to a midwestern-based manufacturer and distributor of cabinet components and wood products for the recreational vehicle, cabinetry and residential kitchen and bath industries.
The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes and to achieve growth/operational objectives. MRC differentiated itself from competitors by providing additional liquidity and structural flexibility.
“This opportunity was a great fit for MRC in that it was consistent with our objective to provide meaningful, flexible capital solutions to good asset-intensive businesses with strong management teams,” Jay Fabian of MRC said. “We are excited for our partnership with the borrower and are anticipating shared success in the months ahead.”
