Mountain Ridge Capital (MRC), an asset-based commercial finance company, upsized its asset-based lending (ABL) facility, from $200 million to $400 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of banks, will support MRC’s growth in serving the middle market ABL space in 2026 and beyond.
“As we continue to accelerate our growth, we are thrilled to have closed a significantly larger credit facility with the continued support of Wells Fargo and five new lenders to our bank group,” Craig Winslow, CEO of MRC, said. “This expanded facility will support our growing pipeline as we continue to serve middle market companies with creative and unique lending solutions.”
Stewart Hayes, managing director for Wells Fargo Capital Finance, added, “We are pleased to support MRC as they continue to grow and deliver for their customers. We value the relationship we have built with MRC since their launch, and we look forward to working together as they execute on their strategic priorities.”
