Tag Archives: MiddleGround Capital

Sound Point Capital Supports MiddleGround Capital’s Acquisition of Lindsay Precast

Sound Point Capital management acted as administrative agent on a first lien senior secured credit facility to Lindsay Precast, a North American concrete manufacturer specializing in precast concrete products. The funding was used to support MiddleGround Capital’s acquisition of Lindsay Precast.

Bankruptcy Court Approves First Day Motions for Shiloh Industries

The U.S. Bankruptcy Court for the District of Delaware approved all of Shiloh Industries’ “first day” motions related to its voluntary Chapter 11 petitions filed on Aug. 30, including approval of access of up to $18.1 million of the $123.5 million in committed debtor-in-possession financing.

MiddleGround Subsidiary to Purchase Shiloh Industries Assets in Chapter 11 Reorganization

Grouper Holdings, a subsidiary of MiddleGround Capital, entered into a stalking horse stock and asset purchase agreement with Shiloh Industries to acquire substantially all of the company’s assets. Shiloh’s lenders committed to provide a $123.5 million DIP facility.