FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


LBC Credit Partners Provides $15MM Term Loan to The Berry Company

September 24, 2013, 07:56 AM
Filed Under: Specialty Industries

LBC Credit Partners announced the completion of a $15.0 million senior secured term loan to support the recapitalization of The Berry Company (“Berry” or the “Company”).  LBC was Agent and Sole Lender for the facility which was provided in conjunction with an equity investment from the Company’s shareholders.  The credit facility was used to refinance Berry’s existing debt and to support the Company’s future growth strategy. 

The Berry Company, LLC, is a leading provider of local online, search, video and print solutions to small-and medium-size businesses across the nation. Its local leads experts help approximately 150,000 businesses in 41 states market their businesses to local consumers. Since its founding more than 100 years ago, The Berry Company has offered exceptional service, local market expertise and a strong portfolio of local advertising solutions.

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.