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Great Rock Capital Closes $20MM Credit Facility with Horsburgh & Scott

July 22, 2020, 09:00 AM
Filed Under: Manufacturing

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $20 million senior secured credit facility with Horsburgh & Scott, a manufacturer of mission critical, custom engineered gears and gearboxes utilized in heavy industrial machinery.

The capital provides Horsburgh & Scott 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 understood our capital needs and worked with us to customize and fund a structure that will position us for sustained success as we continue to execute on our business plans," said Randy Burdick, President and CEO of Horsburgh & Scott. "We look forward to our financial partnership as we navigate the next stages of growth."

"Horsburgh & Scott is led by a highly experienced management team with deep industry knowledge," said Stuart Armstrong, CEO of Great Rock Capital. "Great Rock is pleased to provide additional liquidity to position this industry-leading firm for new levels of growth that build on its 130+ year operating history."

Jeff Nemanick, Investment Partner at Sightway Capital, commented: "This credit facility is a testament to the strong progress we are seeing as Great Rock continues to build out its middle market lending platform. It's representative of what we are observing in the broader marketplace, and we believe that Great Rock is well-positioned to address the current market needs."

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