Daily News: August 12, 2019

MidCap Business Credit Provides $5.5MM ABL to Mitchell Rubber


Midcap Business Credit closed a $5.5 million ABL facility for Mitchell Rubber Products.

Headquartered in Mira Loma, CA, Mitchell Rubber Products provides molded rubber components and other branded elastomeric products into a variety of end markets.

“MidCap was responsive, flexible, efficient, and did exactly what they said they would do for our client, Mitchell Rubber. I would highly recommend them for any ABL senior debt financings needed for middle market transactions,” said David Gesmondi, managing director at Bellmark Partners, the exclusive financial advisor on the transaction.

“We are excited to close a deal with Bellmark and the Mitchell Rubber team. We were able to structure a flexible credit facility to allow the company to achieve its financial objectives. We are continuing to grow our middle market ABL portfolio with our recent expansion to the West Coast,” said Seth Cooper, senior vice president of MidCap Business Credit.