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Great Rock Capital Upsizes Mersino Management Credit Facility to $40MM

July 16, 2020, 08:00 AM
Filed Under: Industry News

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has renewed and expanded its senior secured credit facility for Mersino Management, providing an additional $5.1 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.

The increased borrowing capacity provides Mersino with additional liquidity to support their growing platform. The tailored facility includes a traditional term loan, as well as a revolver and delayed draw term loan.

"Great Rock's team truly understands our business and has worked with us to create a structure that supports our growing capital needs as we expand the Mersino platform," said Gino Mersino, Chief Executive Officer of Mersino Management. "We are grateful for the Great Rock partnership and the flexibility it provides us to execute on our business plans."

"Mersino has a best-in-class management team that values its customers and employees," said Stuart Armstrong, CEO of Great Rock Capital. "We appreciate our long-standing relationship with Mersino and look forward to strengthening the partnership by helping them achieve new heights of growth."

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