Private credit investment manager WhiteHawk Capital Partners provided Challenge Manufacturing with a senior term loan facility of more than $100 million. Funds will be used for debt refinancing and additional liquidity to execute on the company’s growth.
Founded in 1981, Challenge is an employee-owned automotive manufacturer of advanced modular assemblies and engineered metal-formed products supported by more than 3,000 employees and 10 production facilities across the U.S.
“We are pleased to support Challenge and their management team with a creative financing structure to help the company and their employees achieve their goals,” Bob Louzan, managing partner at WhiteHawk, said. “This is the third transaction since launching WhiteHawk and we continue to see a robust pipeline of lending opportunities this year.”
“WhiteHawk is an innovative and flexible financing partner and we are thrilled to have their support in helping us continue to grow our business,” Mike Rodgers, CFO of Challenge, said.
WhiteHawk Capital Partners is a private credit investment manager focused on asset-based financing solutions to middle market public and private companies.
