FRISCO, Texas – Mountain Ridge Capital (MRC), in partnership with Accord Financial, Inc., has provided a $45 million senior secured credit facility to a plastic moldings manufacturer. The increased facility size will support the company’s continued expansion following significant growth over the past year.
Michael Carlson, Director of Originations for the Rockies and West Coast at MRC, stated:
“MRC always hopes to support our high-growth borrowers through the next phase of their expansion efforts. Given the meaningful growth achieved over the past 10 months, we collaborated with the Company to quickly close a considerably larger working capital revolver to support its continued trajectory. The line increase occurred sooner than anticipated, but given MRC’s flexibility and speed of execution, we were able to meet the Borrower’s needs at a critical juncture.”
