Great Rock Capital Closes $12MM Facility with Imperial Toy
Great Rock Capital closed a $12 million senior secured credit facility with Imperial Toy, a toy seller and manufacturer.
Great Rock Capital closed a $12 million senior secured credit facility with Imperial Toy, a toy seller and manufacturer.
Jared Grabow joined Great Rock Capital as managing director of Originations in Dallas.
Great Rock Capital completed a $25 million secured term loan for Zacky & Sons Poultry, a grower, processor and distributor of premium poultry.
Commercial finance company Great Rock Capital hired Gerard Hanabergh and Jennifer Cronin as chief risk officer and managing director – Marketing and Business Development, respectively.
Great Rock Capital completed a new $40 million credit facility for Mersino Management, increasing the company’s borrowing capacity by $20 million.
Great Rock Capital received two commitments of $100 million in equity from a large institutional investor and from Sightway Capital, Great Rock’s original investor since its formation in 2015.
Great Rock Capital closed a leverage facility with Wells Fargo Capital Finance.
Commercial finance company Great Rock Capital closed a $23 million senior secured loan with PCX Aerostructures. The facility included a $21 million term loan and a $2 million capital expenditure facility.
Encina Equipment Finance and Great Rock Capital jointly provided a $33 million senior secured credit facility to Falcon Transport in order to help fund CounterPoint Capital Partners’ acquisition of the company.
In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.