MB Business Capital, a division of MB Financial Bank, provided a new $25 million senior credit facility to Dallas-based LDC Stone.
LDC is a manufacturer and supplier of kitchen and bath stone and cabinet solutions, providing custom cabinets and countertops and natural stone and quartz materials to designers, developers, and contractors in the multi-family, single-family and renovation markets.
The facility was used to refinance existing senior indebtedness and will fund working capital needs going forward.
“MB Business Capital was able to incorporate some un-traditional collateral components into the LDC borrowing base, resulting in increased liquidity to support the company’s various growth initiatives. We welcome LDC to MB,” said Michael Sharkey, president of MB Business Capital.
“We are pleased to be partnering with MB Business Capital on this debt facility to support our ongoing business needs and value creation initiatives,” added Duane Pekar, CEO of LDC Stone.
