Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, closed a senior secured leverage facility agented by Capital One that provides over $1.1 billion of capital. This new capital injection will provide Great Rock with financial flexibility to execute on their strategic expansion initiatives.
“Great Rock has experienced monumental growth in recent years, and this new capital facility will be a key driver as we achieve new business milestones,” Stuart Armstrong, CEO of Great Rock Capital, said. “We appreciate the partnership with Capital One and the 17 other bank partners in our facility and look forward to working with them as we continue to support the liquidity needs of middle market companies across North America.”
“As Great Rock continues its profitable growth trajectory, this incremental capital strengthens our future financial flexibility and ability to support the liquidity needs of our customers,” Brett Goodwin, CFO of Great Rock Capital, said. “We are excited to work with the new bank group as we build on our firm’s strong foundation and utilize this capital to further scale the Great Rock platform.”
“We are pleased to support Great Rock’s continued growth with this new facility,” Dan Tsacoumangos, managing director of Capital One Financial Institutions Group, said. “Their commitment to providing vital liquidity to middle market companies aligns perfectly with our own goals, and we look forward to a successful partnership.”
