Mountain Ridge Capital closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining in the Southeast. The facility refinanced the debt of another lender and will be utilized to manage through the onboarding of new customers and to execute on the company’s growth and operational objectives.
“MRC is excited to bring this client aboard. As we first evaluated the opportunity, it was clear that a more flexible capital provider was essential to the ongoing success of the business,” Jay Fabian, managing director at Mountain Ridge Capital, said. “We look forward to providing the collaborative partnership that ownership and management were seeking and helping the business execute on new customer growth.”
