Mountain Ridge Capital Provides $15 Million Credit Facility To Support Acquisition Of A Brick & Mortar Retailer

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $15 million senior secured credit facility supporting the acquisition of an apparel retailer operating a chain of 70+ stores across the Northeast and Midwest.  The MRC facility refinanced the borrower’s existing senior debt and funded a portion of the acquisition, providing the company with meaningfully greater availability than its prior credit facility.  MRC’s revolving facility, collateralized by credit card receivables and inventory, was structured to maximize availability and provide the company with the liquidity needed to support the integration and its next phase of growth.

MRC’s Managing Director, Dan Williams, commented, “Mountain Ridge was happy to support the ownership transition of this 50-year-old, founder operated, retailer with a flexible working capital financing that helped facilitate the underlying transaction.”

About Mountain Ridge Capital

Mountain Ridge Capital provides highly customized asset-based revolvers and term loans to middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral.  Mountain Ridge targets lending to privately-held, family-owned and private equity-backed businesses requiring liquidity to support business transitions, including turnarounds, restructuring, acquisitions and changes in ownership or control.  The Mountain Ridge platform was created in partnership with Arena Investors, LP (www.arenaco.com) in response to the growing demand for non-bank debt financing, which can be secured without unnecessarily slow and cumbersome bank committees, extended due diligence cycles, or lengthy legal processes.  MRC offers borrowers quick turnaround times and has a team of experts that understand all types of collateral, not just traditional A/R and inventory, which results in higher advance rates and more overall liquidity as compared to many traditional bank products.  See www.mountainridgecap.com for more information.