Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, closed a senior secured credit facility with WinCup, a manufacturer of traditional and sustainable disposable foodservice to-go ware, including phade PHA straws.
The new capital refinanced WinCup’s existing senior debt and provides it with additional liquidity to support its platform. The bespoke facility includes a revolver, a term loan and a delayed draw term loan.
“Great Rock instantly understood our growth potential and customized a structure that will allow us to capitalize on new business opportunities,” Brad Laporte, CEO of WinCup, said. “We are excited about our financial partnership and what it entails for the future growth of our business.”
“WinCup is an industry leader,” Stuart Armstrong, CEO of Great Rock Capital, said. “Their unmatched industry expertise, continued product innovation and cutting-edge technology have propelled this business to new heights and we look forward to playing a role in their continued success.”