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Great Rock Capital Closes $40MM Term Loan with Fisher Dynamics

November 14, 2023, 07:58 AM
Filed Under: Automotive

Great Rock Capital closed a $40 million senior secured term loan facility with Fisher Dynamics. Fisher is a vertically integrated supplier of engineered seating structures and safety mechanisms to major OEMs and Tier 1 automotive suppliers worldwide.

The term loan facility was used to refinance a portion of the company’s existing debt and provide growth capital.  Great Rock partnered with the revolver lender, a leading commercial banking institution, to create a split-lien structure that will maximize the company’s liquidity.  In addition, Great Rock arranged a $25 million capital expenditure line to support the company’s growth.

“Great Rock customized a structure that will provide the company with the financial flexibility to execute on the increased demand for our tailor-made products,” commented Ken Pachla, CFO of Fisher. “We are excited for our financial partnership with Great Rock as we enter the next phase of business growth."

“Fisher has built a reputation for innovative excellence throughout their 115-year operating history,” said Stuart Armstrong, CEO of Great Rock Capital.  “We look forward to working with their high caliber management team and playing a role in their ongoing success.”

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