Mountain Ridge Capital (MRC) closed a $60 million senior secured credit facility to a midwestern-based distributor of home health and personal wellness products. The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes to achieve growth and operational objectives.
“This refinancing was a testament to MRC’s ability to craft individualized credit facilities tailored to the needs of its borrowers,” Jay Fabian of MRC said. “We are excited for our partnership with a strong ownership and management team that has shown its ability to successfully steward the business through a variety of economic cycles.”
