Mountain Ridge Capital (MRC) closed a $25 million senior secured credit facility to a food platform. 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 provided a revolving facility that leveraged both working capital and fixed assets to help provide the liquidity to help accommodate the borrower’s growth trajectory.
“The feedback we got from our borrowers is that they enjoyed working with a group that actually delivered on the structure that was promised early in the process,” Jay Fabian, managing director of MRC, said. “We are excited for our partnership with a strong ownership and management team that has managed to position the business as one of the most rapidly growing and attractive brands in its industry.”
