Mountain Ridge Capital closed a $15 million senior secured credit facility for ICU Eyewear, a West Coast-based designer and marketer of eyewear and eyewear accessories and a wholly-owned subsidiary of 1847 Holdings.
ICU Eyewear will use the facility to refinance its debt with a non-bank lender and to achieve company growth, operational objectives and potential acquisitions.
“We are pleased to begin or partnership with ICU,” Craig Winslow, CEO at Mountain Ridge Capital, said. “We developed a unique financing package that was creative to improve the company’s liquidity at a lower price point. We look forward to our long-standing relationship with ICU.”
ThinkEquity served as investment bank and advisor on this transaction.
