MidCap Financial, a commercial finance company focused on middle market transactions, provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing. Proceeds from MidCap Financial were used to refinance the company’s prior credit facilities and will provide for the business’ ongoing working capital needs.
Mervin Manufacturing home of Lib Tech, GNU, Roxy and Bent Metal is a designer and manufacturer of snowboarding, surfing, skiing and skateboarding products built at its environmentally conscious factory. Mervin Manufacturing was founded by snowboarders Mike Olson and Pete Saari in 1977.
