Great Rock Capital closed a $40 million senior secured term loan facility for Fisher Dynamics, a supplier of engineered seating structures and safety mechanisms for major OEMs and Tier 1 automotive suppliers worldwide.
The term loan facility was used to refinance a portion of the company’s existing debt and provide growth capital. Great Rock partnered with the revolver lender, a commercial banking institution, to create a split-lien structure that will maximize the company’s liquidity. In addition, Great Rock arranged a $25 million capital expenditure line to support the company’s growth.
“Great Rock customized a structure that will provide the company with the financial flexibility to execute on the increased demand for our tailor-made products,” Ken Pachla, CFO of Fisher Dynamics, said. “We are excited for our financial partnership with Great Rock as we enter the next phase of business growth.”
“Fisher has built a reputation for innovative excellence throughout their 115-year operating history,” Stuart Armstrong, CEO of Great Rock Capital, said. “We look forward to working with their high caliber management team and playing a role in their ongoing success.”
