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


Mountain Ridge Capital Provides $24MM Credit Facility to National Fashion Apparel Distributor

April 16, 2024, 08:03 AM
Filed Under: Apparel

Mountain Ridge Capital ("MRC") closed a $24 million senior secured credit facility for a  national fashion apparel distributor. The MRC facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth.  The tailored MRC credit facility provides the requisite liquidity and structural flexibility that both management and ownership were seeking.
MRC’s Jay Fabian stated, “We are delighted to have welcomed this new borrower to our portfolio.  Our collaboration with the management team during both the facility structuring and underwriting process led to a great outcome for all parties, and what we anticipate will be a fruitful ongoing partnership.”


Comments From Our Members

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