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WhiteHawk Capital Partners Provides Senior Term Loan to Challenge Manufacturing

February 03, 2021, 07:00 AM
Filed Under: Manufacturing

WhiteHawk Capital Partners entered into an agreement with Challenge Mfg. Company, LLC (“Challenge”) to provide a senior term loan facility that is in excess of $100 million. The term loan facility supported a refinancing of Challenge’s indebtedness and provided additional liquidity to continue to execute on the company’s growth.

Founded in 1981, Challenge is an employee-owned tier 1 automotive manufacturer of advanced modular assemblies and engineered metal formed products supported by more than 3,000 employees and ten production facilities across the U.S.

“We are pleased to support Challenge and their management team with a creative financing structure to help the company and their employees achieve their goals,” said Bob Louzan, WhiteHawk Managing Partner. “This is the third transaction since launching WhiteHawk and we continue to see a robust pipeline of lending opportunities this year.”

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