LBC Credit Partners said it provided $97.0 million of senior secured credit facilities to support the combination of Monomoy Capital Partners’ portfolio companies, Escort and Cobra Electronics, under a new holding company structure with Cedar Electronics Holdings as the new parent company. Proceeds were used to refinance existing indebtedness, fund a distribution to shareholders and pay related fees and expenses.

LBC Credit Partners served as agent and sole lead arranger for the senior secured credit facilities.

Escort is the industry leader in high-performance ticket protection devices in North America with its premium-priced Passport product line, its value-priced Beltronics radar detectors and its Escort Live app for iOS and Android systems.

Cobra is a global designer and distributor of consumer electronic products including two-way radio, radar detector and citizens band radio equipment. tors. In addition, the company also offers marine radios, power inverters, dash cams and other portable electronics and has expanded many of its product lines into Europe. The Consumer Electronics Association, Forbes and Deloitte have all recognized Cobra for the company’s innovation and industry leadership.

Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital in a family of private equity funds that primarily make controlling investments in middle market businesses in manufacturing, distribution, consumer products and foodservice.