MidCap Financial Closes $17.5mm Senior Secured Credit Facility to Kellenberger
January 15, 2025
Source: MidCap Financial
BETHESDA, MD, January 16, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $17.5mm senior secured credit facility to Kellenberger (“Kellenberger” or the “Company”), a portfolio company of Centre Lane Partners, LLC. Proceeds from the MidCap Financial credit facility will support Kellenberger’s ongoing working capital needs.
About the Company
Kellenberger is a leading international provider of advanced metal-cutting solutions. The Company provides a full spectrum of highly reliable CNC turning, milling, and grinding machines. The diverse products Kellenberger offers enables the Company to support a variety of market applications in industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, transportation and more. Kellenberger has developed a strong global presence with manufacturing operations in North America, Europe, and Asia. Kellenberger applies its engineering and applications expertise to provide companies with the right machine tool solution and support every time.
About MidCap Financial
MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of September 30, 2024, MidCap Financial provides administrative or other services for over $53 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $733 billion as of September 30, 2024, in credit, private equity and real assets funds.
About Centre Lane Partners
Centre Lane Partners is a private investment firm that invests in the equity and debt of middle-market companies in North America. Centre Lane employs a flexible strategy that approaches complex situations with a solutions orientation. Centre Lane has an experienced, collaborative and diverse team, and seeks to partner with strong management teams that can benefit from patient, long-term capital and Centre Lane’s operational, financial and strategic expertise and support.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit www.apollo.com.
For more information about Centre Lane Partners, please visit www.centrelanepartners.com.
*Including commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV
Contact:
MidCap Financial Services, LLC
Garrett Fletcher, President of Structured Finance
301-841-6439
gfletcher@midcapfinancial.com
About the Company
Kellenberger is a leading international provider of advanced metal-cutting solutions. The Company provides a full spectrum of highly reliable CNC turning, milling, and grinding machines. The diverse products Kellenberger offers enables the Company to support a variety of market applications in industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, transportation and more. Kellenberger has developed a strong global presence with manufacturing operations in North America, Europe, and Asia. Kellenberger applies its engineering and applications expertise to provide companies with the right machine tool solution and support every time.
About MidCap Financial
MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of September 30, 2024, MidCap Financial provides administrative or other services for over $53 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $733 billion as of September 30, 2024, in credit, private equity and real assets funds.
About Centre Lane Partners
Centre Lane Partners is a private investment firm that invests in the equity and debt of middle-market companies in North America. Centre Lane employs a flexible strategy that approaches complex situations with a solutions orientation. Centre Lane has an experienced, collaborative and diverse team, and seeks to partner with strong management teams that can benefit from patient, long-term capital and Centre Lane’s operational, financial and strategic expertise and support.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit www.apollo.com.
For more information about Centre Lane Partners, please visit www.centrelanepartners.com.
*Including commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV
Contact:
MidCap Financial Services, LLC
Garrett Fletcher, President of Structured Finance
301-841-6439
gfletcher@midcapfinancial.com
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