Mountain Ridge Capital (MRC) closed a $20 million senior secured credit facility to a manufacturer and distributor of apparel. The MRC facility refinanced the debt of a regional finance company and will be utilized to assist its management team in achieving its growth and operating objectives. The enhanced credit package from MRC provides additional liquidity and structural flexibility which will aid the company in managing its cash needs.
“We are pleased to provide this credit facility to support the company’s growth and operating objectives,” Daniel Williams, managing director, business development – Northeast at MRC, said.
