Mountain Ridge Capital Provides $15 Million Credit Facility to Consumer Beverage Company

FRISCO, Texas, Dec. 15, 2023 -- Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $15 million senior secured credit facility for a category-leading international consumer beverage company.  MRC’s facility was used to refinance the debt of a national commercial bank and will be used going forward to achieve company growth and operational objectives.  The incremental liquidity and structural flexibility MRC were able to provide up and above the prior debt arrangement was a crucial value-add for the borrower.

Trevor Courtney, Vice President at MRC stated, “Our Mountain Ridge team was able to provide liquidity to the company in a thoughtful structure that refinances their existing line of credit and supports the continued growth of this already rapidly growing company.  It is exciting to be a part of the company’s story as their products become increasingly visible on store shelves around the world.”

Hum Capital served as investment bank/advisor on this 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.

Contact:
Mountain Ridge Capital
Craig Winslow
Craig.Winslow@mountainridgecap.com