NXT Capital closed a senior credit facility in support of ShoreView Industries’ refinancing of Molded Dimensions and add-on acquisition of PCO Urethane. NXT Capital acted as the administrative agent, sole lead arranger and sole bookrunner on the transaction.

“We are happy to partner with NXT Capital on another transaction,” Eric Paquette, vice president of ShoreView Industries, said. “NXT’s ability to execute on an extremely tight timeline provided the certainty we needed to successfully close on the transaction.”

Headquartered in Port Washington, WI, Molded Dimensions is a supplier of precision rubber and urethane components. The company’s products are used as components (seals, gaskets, rollers and wheels) in industrial equipment.

Founded in 2002, ShoreView Industries is a Minneapolis-based private equity firm that has raised more than $1.3 billion of committed capital across four funds.