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


Mountain Ridge Capital Provides $15MM Credit Facility to ICU Eyewear Holdings

November 14, 2023, 07:51 AM
Filed Under: Consumer Products

Mountain Ridge Capital ("MRC") closed a $15 million senior secured credit facility to ICU Eyewear, Inc (wholly owned subsidiary of 1847 Holdings, LLC).  ICU is a west coast-based designer and marketer of eyewear and eyewear accessories. MRC's facility was used to refinance the debt of a non-bank lender and will be used going forward to achieve company growth, operational objectives and potential acquisitions. The additional liquidity, structural flexibility and creative solutions by MRC, proved paramount in meeting the Company’s current and future cashflow needs.

Craig Winslow, Chief Executive Officer at MRC stated, “We are pleased to begin or partnership with ICU.  We developed a unique financing package that was creative to improve the Company’s liquidity at a lower price point.   We look forward to our long-standing relationship with ICU.”  

ThinkEquity served as investment bank/advisor on this transaction.

Week's News

Comments From Our Members

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