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Great Rock Capital Closes $27.9MM Senior Secured Term Facility with GT Technologies

December 16, 2021, 08:00 AM
Filed Under: Manufacturing

Great Rock Capital closed a $27.9 million senior secured term loan facility with GT Technologies (“GTT”), a manufacturer of custom-engineered valvetrain components and assemblies for the global automotive, heavy-duty truck, and off-road vehicle industries. GTT is a portfolio company of Industrial Opportunity Partners.

The new term loan facility refinanced a portion of the company’s existing debt and provides GTT with additional capital to support future growth. Great Rock Capital partnered with the existing revolver lender, a leading commercial banking institution, to create an optimal financing structure that will maximize the firm’s liquidity.

“Great Rock was very responsive to our business needs and worked with us to customize and fund a structure that will provide additional liquidity and growth capital,” said Dan Brinker, President of GT Technologies. “We believe strong relationships are vital to our company’s 100+ year operating history and we look forward to our new partnership with Great Rock.”

“GTT has built a reputation for excellence as a mission-critical supplier for the automotive industry,” said Stuart Armstrong, CEO of Great Rock Capital. “Their long-standing customer relationships and business expertise have created an industry-leading platform, and we look forward to playing a part of their ongoing success.”

“The flexibility and capital provided with Great Rock’s credit facility will allow GTT to unlock future growth potential,” commented Kyle Hood, Managing Director at Industrial Opportunity Partners. “We look forward to working with both teams as GTT navigates the next stage of business growth.”

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