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MidCap Business Credit Inks $6MM Credit Facility for PE-Owned Energy Firm

January 05, 2021, 07:24 AM
Filed Under: Energy

MidCap Business Credit closed on a $6,000,000 asset based credit facility for a private equity owned company in the energy space.  

The opportunity was sourced out of MidCap’s headquarters in West Hartford, CT.   Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to structure a flexible credit facility for the sponsor and close quickly, which will assist them in helping the business achieve their financial objectives”.

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $2MM to $20MM.  





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