Great American Capital, a subsidiary of Great American (GA Group) and majority-owned by funds managed by Oaktree Capital Management, closed a $34 million credit facility for a leading manufacturer and distributor of flexible packaging products.
The Great American Capital facility, combined with a $70 million revolving line of credit provided by CIT Northbridge, was used to refinance existing bank debt and provide additional liquidity to support the company’s continued growth.
“This transaction demonstrates [Great American Capital]’s ability to deliver flexible, tailored capital solutions for businesses with complex financing needs,” Eran Cohen, president and chief investment officer of Great American Capital, said. “We are pleased to provide the additional liquidity and financial flexibility that will support this company’s next phase of growth.”
