Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, renewed and expanded its senior secured credit facility for Mersino Management, providing an additional $5.1 million of borrowing capacity.
The increased borrowing capacity provides Mersino with additional liquidity to support its platform. The tailored facility includes a traditional term loan, as well as a revolver and delayed draw term loan.
“Great Rock’s team truly understands our business and has worked with us to create a structure that supports our growing capital needs as we expand the Mersino platform,” Gino Mersino, CEO of Mersino Management, said. “We are grateful for the Great Rock partnership and the flexibility it provides us to execute on our business plans.”
“Mersino has a best-in-class management team that values its customers and employees,” Stuart Armstrong, CEO of Great Rock Capital, said. “We appreciate our long-standing relationship with Mersino and look forward to strengthening the partnership by helping them achieve new heights of growth.”
Mersino is a provider of pumping and dewatering services.
