Chicago Atlantic acted as a sole arranger and lender of a $35 million senior secured term loan to Meridian Rapid Defense Group, a U.S.-based security company specializing in deployable vehicle barrier systems.
“We are thrilled to partner with such a driven and passionate entrepreneur,” David Enright, partner and head of direct lending at Chicago Atlantic, said. “Meridian is dedicated to helping people enjoy life’s experiences with confidence and peace of mind. We are excited to serve as the company’s primary capital partner and support its continued growth and expansion.”
Peter D. Whitford, CEO of Meridian, said, “Meridian is excited to work with Chicago Atlantic in supporting our growth initiatives. They have a tremendous understanding of our industry, and we look forward to working with them over the coming years.”
