Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, closed a $25 million senior secured revolving credit facility with NWI Nashville (NWI), a manufacturer and designer of airplane wings, wing components and other structural parts and assemblies for the aerospace industry. NWI’s Nashville site has been a provider of wing components to its current major OEM customers for more than 30 years and is a portfolio company of The Stony Point Group.
The credit facility refinanced a portion of the company’s existing debt and provides NWI with flexible capital to support future growth.
“With the aerospace market resurgence and our customer’s higher production rates, NWI Nashville needed a financial partner who recognized the potential of our company and could support our working capital requirements,” Rick Rosenjack, CEO of NWI Nashville, said. “Great Rock delivered. I was impressed with their level of due diligence and their interest in supporting our company’s liquidity and growth capital needs.”
“The NWI management team has built a best-in-class platform as a mission-critical supplier for the aerospace industry,” Stuart Armstrong, CEO of Great Rock Capital, said. “Their innovative business expertise, reputation for excellence, and emphasis on customer relationships will continue to propel the growth of this business, and we look forward to being apart of their ongoing success.”
“Great Rock quickly understood the growth potential of NWI and customized a structure that will allow the company to capitalize on new business opportunities,” Bernie Stanek, CEO at Stony Point Group, said. “We look forward to working with both teams as NWI navigates the next stage of business growth.”
