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Mountain Ridge Capital Provides $30MM Credit Facility for Southeastern Food Distributor

March 19, 2024, 07:56 AM
Filed Under: Distribution

Mountain Ridge Capital ("MRC") closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining.  The MRC facility refinanced the debt of another lender and will be utilized to manage through the onboarding of new customers and to execute on management’s growth and operational objectives, capitalizing on the enhanced liquidity and structural flexibility MRC has been known for providing.
Jay Fabian, Managing Director at MRC stated, “MRC is excited to bring this client aboard. As we first evaluated the opportunity, it was clear that a more flexible capital provider was essential to the ongoing success of the business.  We look forward to providing the collaborative partnership that ownership and management were seeking and helping the business execute on new customer growth.”

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