Mountain Ridge Capital closed a $29 million senior secured credit facility for a designer and manufacturer of plastic injection products. The company used MRC’s facility to refinance the debt of a regional commercial bank, fund an add-on acquisition and as working capital for continued capacity expansion. The incremental availability and structural flexibility MRC was able to offer was a critical value-add for the borrower and its stakeholders.
“Mountain Ridge was able to provide a creative solution through a combination of a revolving line of credit and first lien equipment term loan which allowed the company to address multiple borrowing needs,” Michael Carlson, director at MRC, said. “It is exciting to be a part of the company’s story as they continue to grow and become a leading provider of molded products across the United States.”
Cape Commercial Finance served as an advisor on this transaction.
