Mountain Ridge Capital (MRC) closed a $44 million senior secured credit facility, including a seasonal overadvance, to an e-commerce retailer of high-performance optics, tactical gear and outdoor sporting goods sold through its leading online marketplace. The facility was used to refinance existing senior debt and will be utilized for working capital purposes as well as to support continued growth across the company’s online platforms. The revolving facility maximizes availability against both inventory and credit card receivables, while the seasonal overadvance provides incremental liquidity through the company’s peak selling periods.
“MRC was able to provide a creative structural solution to establish meaningful additional liquidity, which met the borrower’s near-term and longer-term financing needs,” Mike Carlson, director of MRC, said. “We look forward to a strong partnership with this growing e-commerce retailer, and continuing to meet their financing needs through the development of their operations.”
