Mountain Ridge Capital provided a $24 million senior secured credit facility to a fashion apparel distributor. The facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth. The credit facility provides the requisite liquidity and structural flexibility that company’s management and ownership were seeking.
“We are delighted to have welcomed this new borrower to our portfolio,” Jay Fabian, managing director of Mountain Ridge Capital, said. “Our collaboration with the management team during both the facility structuring and underwriting process led to a great outcome for all parties, and what we anticipate will be a fruitful ongoing partnership.”
