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Mountain Ridge Capital Provides $29MM Credit Facility to Designer, Manufacturer of Plastic Injection Products

February 19, 2024, 08:00 AM
Filed Under: Plastics

Mountain Ridge Capital (MRC) closed a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products. MRC’s facility was used to refinance the debt of a regional commercial bank, fund an add-on acquisition and provide working capital for continued capacity expansion. The incremental availability and structural flexibility MRC were able to offer was a critical value-add for the borrower and its stakeholders.

Michael Carlson, Director at MRC stated, “Mountain Ridge was able to provide a creative solution through a combination of a revolving line of credit and first lien equipment term loan which allowed the company to address multiple borrowing needs. It is exciting to be a part of the company’s story as they continue to grow and become a leading provider of molded products across the United States.”

Cape Commercial Finance served as an advisor on this transaction.

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