Flat Rock Capital increased the total borrowing capacity of its financing facility with State Bank and Trust to $30 million.
The expansion of the four-year revolving credit facility includes the addition of Hitachi Business Finance to the lender group.
“We want to thank our new partner, Hitachi Business Finance, in helping us expand our capacity to support the growth of middle market businesses throughout the U.S.,” said Robert Grunewald, CEO of Flat Rock Global. “As equity market volatility has increased, we continue to see unique opportunities through investments in first lien, senior secured loans to middle market businesses.”
Flat Rock Capital is a credit fund which provides financing solutions to U.S. middle market businesses. The company invests exclusively in first lien, floating rate loans to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors.
Flat Rock Global is an alternative credit manager, delivering to RIAs, family offices and institutional investors, yield driven investment strategies, in less efficient sectors of the market, through an industry leading “Investor First” fee structure.
