LBC Credit Partners provided a $56 million senior secured term loan to support the acquisition of Klaussner Home Furnishings by Monomoy Capital Partners. LBC served as administrative agent and sole lender for the senior secured term loan.

Headquartered in Asheboro, NC, Klaussner manufactures and distributes furniture and furniture components in the U.S. The company supplies upholstery, casegoods, bedding and outdoor furniture to large home furnishings retailers, regional retailers and online retailers.

Monomoy Capital Partners is a private investment firm with $1.5 billion in committed capital in a family of private equity funds. Monomoy makes investments in middle market businesses that can benefit from operational and financial improvement.

LBC Credit Partners is a provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.