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Mountain Ridge Capital Provides $29 Million Credit Facility Designer and Manufacturer of Plastic Injection Products
February 20, 2024
Source: Mountain Ridge Capital
FRISCO, Texas, Feb. 16, 2024 -- Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products. MRC’s facility was used to refinance the debt of a regional commercial bank, fund an add-on acquisition and provide working capital for continued capacity expansion. The incremental availability and structural flexibility MRC were able to offer was a critical value-add for the borrower and its stakeholders.
Michael Carlson, Director at MRC stated, “Mountain Ridge was able to provide a creative solution through a combination of a revolving line of credit and first lien equipment term loan which allowed the company to address multiple borrowing needs. It is exciting to be a part of the company’s story as they continue to grow and become a leading provider of molded products across the United States.”
Cape Commercial Finance served as an 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
Michael Carlson, Director at MRC stated, “Mountain Ridge was able to provide a creative solution through a combination of a revolving line of credit and first lien equipment term loan which allowed the company to address multiple borrowing needs. It is exciting to be a part of the company’s story as they continue to grow and become a leading provider of molded products across the United States.”
Cape Commercial Finance served as an 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
