Legacy Corporate Lending provided a $30 million asset-based credit facility to The Barton Group, a family-owned company that produces garnet abrasives. The financing, finalized in April 2024, underscores Legacy’s commitment to delivering tailored financial solutions to middle market companies across diverse industries.
“As we evaluated the opportunity, it was clear that Legacy could provide a more flexible structure which was essential to the ongoing success and growth of the company,” Paul Martin, chief investment officer of Legacy, said. “We are proud to be Barton’s partner of choice on this transaction and look forward to supporting them as they continue to execute their strategic growth plans.”
“We are pleased to partner with Legacy as part of our strategy to grow our domestic and international business and better serve our customers,” Randy Rapple, CEO of Legacy, said. “Legacy took the time to understand our business model and provided a tailored solution that gave us the confidence that our needs would be met.”
“We are excited that our in-depth industry knowledge and ability to provide a creative solution through a revolving line of credit and equipment term loan allows Barton to address multiple borrowing needs,” Margaret Ceconi, executive vice president, portfolio and underwriting at Legacy, said.
