Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, closed a $25 million senior secured revolving credit facility with Lion Energy, a provider of power products such as large industrial power storage systems, portable solar generators and panels, lithium batteries and whole-home energy backup systems.
The new credit facility will refinance Lion’s existing debt and boost its liquidity position to support the company’s strategic business expansion.
“We are incredibly excited to partner with Great Rock Capital to secure this credit facility,” Tyler Hortin, CEO of Lion Energy, said. “This strategic partnership is pivotal as we aim to aggressively expand our Sanctuary and POWERsave product lines to meet the escalating demand for energy storage solutions in the United States.”
“Lion Energy is an established industry leader that has prioritized strong customer relationships and cutting-edge innovation to drive business growth,” Stuart Armstrong, CEO of Great Rock Capital, said. “We look forward to working with the Lion management team as they execute on their expansion strategy.”
