MidCap Financial provided a $30 million senior secured credit facility, comprising an asset-based revolving line of credit to H-D Advanced Manufacturing Company. Proceeds from the MidCap credit facility will be used to refinance the Company’s prior credit facility and to provide for the business’ ongoing working capital needs.
Founded in 2012 and headquartered in Houston, TX, H-DAM is focused on precision manufacturing and machining for heavy industries including oil & gas and aero & defense. The Company consists of 5 divisions: Overton Chicago Gear, Engineered Solutions Group, Precision Aero, Crown Precision, and Sungear.