Mountain Ridge Capital (MRC) closed a $15 million senior secured credit facility to a midwestern-based manufacturer and distributor of both consumer and industrial products. The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes and to meet growing demand for certain SKUs. MRC provided a revolving facility that maximized availability against working capital assets.
MRC’s Managing Director Jay Fabian commented, “Being flexible and adapting the deal structure to meet the needs of our borrower both during the negotiation and underwriting processes were the keys to ultimately getting this deal funded. We are delighted to start what we hope is a long and fruitful partnership.”
