Mountain Ridge Capital Closes $10 Million Cross-Border ABL Facility

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $10 million senior secured credit facility to a California-based designer and marketer of fitness and athleisure apparel sold in fitness studios worldwide.  The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes as well as to support continued growth across the Company’s brand portfolio.  MRC provided a revolving facility that maximized availability against accounts receivable and inventory held at the Company’s third-party logistics facility in Mexico. 

MRC’s Senior Managing Director Scott Elliotto commented, “We are excited to partner with this founder-led business. This transaction demonstrates MRC’s ability to understand a unique business model and tailor a financing solution to the company’s strategic growth plan.”

Full Send Partners, a leading middle-market investment bank, served as exclusive financial advisor to the Company. “It was a pleasure working with the MRC team,” said Gayane Kirakosyan, Managing Director and Head of Capital Markets at Full Send Partners. “Given the complexities of the Company's cross-border collateral, inventory-heavy borrowing base, and timing constraints, finding the right financing partner was critical. MRC understood the opportunity and brought a flexible, resourceful, and collaborative approach to the process. Together, we were able to navigate the structural challenges and deliver a financing solution that supports the Company's long-term growth.”

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 CCaventus Asset Management, LP (www.ccaventus.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.

About Full Send Partners

Full Send Partners is a middle-market investment bank providing M&A, capital raising, buy-side, and strategic advisory services to corporate, entrepreneurial, and private equity clients. The firm combines deep sector expertise with a senior-led, hands-on approach, delivering rigorous advice, thoughtful positioning, and disciplined execution to achieve exceptional outcomes for its clients.