TSL Express Daily News

PLANO, TX – May 7, 2024 – Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $30 million asset-based credit facility to The Barton Group (“Barton” or the “Company”), a family-owned company that has produced the world’s highest-quality garnet abrasives for seven generations. The financing, finalized in April 2024, underscores Legacy's commitment to delivering tailored financial solutions to middle market companies across diverse industries.

Founded in 1878, Barton is world-renowned for high performance garnet abrasives. Led by CEO Randy Rapple, the Company has continued to develop new products, markets, and applications — including blasting abrasives, waterjet abrasives and waterjet parts. Barton produces garnet abrasive products for many diverse applications such as waterjet cutting, blast media, bonded and coated abrasives, and specialty lapping and grinding media. Barton also owns and operates mining and milling operations in
the Adirondack Mountains of upstate New York.

"As we evaluated the opportunity, it was clear that Legacy could provide a more flexible structure which was essential to the ongoing success and growth of the Company," said Paul Martin, Chief Investment Officer of Legacy Corporate Lending. "We are proud to be Barton’s partner of choice on this transaction and look forward to supporting them as they continue to execute their strategic growth plans.”

"We are pleased to partner with Legacy as part of our strategy to grow our domestic and international business and better serve our customers,” said Mr. Rapple. “Legacy took the time to understand our business model and provided a tailored solution that gave us the confidence that our needs would be met.”

“We are excited that our in-depth industry knowledge and ability to provide a creative solution through a revolving line of credit and equipment term loan allows Barton to address multiple borrowing needs,” said Margaret Ceconi, EVP Portfolio and Underwriting at Legacy.

Launched in May 2023 in partnership with Bain Capital Credit, L.P., Legacy provides revolving credit facilities and term loans to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market.

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About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.

About The Barton Group
A family-owned business for over 145 years and encompassing seven generations, Barton was founded in 1878. Barton is one of the world’s largest producers/distributors of industrial garnet grains and powders for diverse applications, such as waterjet cutting, sandblasting, bonded and coated abrasives, and specialty grinding media. The Barton brands include high-performance HPX® and CG ADIRONDACK® garnet and HPA® ALLTEK® garnet. The company distributes a comprehensive selection of genuine OEM parts for abrasive waterjet cutting equipment, along with exclusive products such as BART® for abrasive removal, HYDROBLOC® waterjet bricks, and TRIDENT® diamond cutting heads. Barton’s line of Mil-Spec and CARB-approved garnet blasting abrasives provide superior safety and maximum productivity for all industrial applications.

Media Contacts:
Scott Lessne / Thomas Conroy
Stanton
slessne@stantonprm.com / tconroy@stantonprm.com
(646) 502-3569 / (646) 502-9006