Mountain Ridge Capital provided a $24 million senior secured credit facility to a fashion apparel distributor. The facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth.
Mountain Ridge Capital closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining in the Southeast.
Mountain Ridge Capital closed a $30 million senior secured credit facility for a Midwest-based designer and manufacturer of footwear, slippers and hosiery and a $25 million senior secured credit facility for a West Coast-based manufacturer and distributor of action sports products.
Mountain Ridge Capital, an asset-based commercial finance company, hired Bill Drmacich and Jay Fabian as managing directors of business development. Both Drmacich and Fabian will collaborate to provide all forms of credit to lower middle-market companies across the country.