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

Print

Great Rock Capital Closes Term Loan Facility with Pennex Aluminum

October 08, 2024, 08:00 AM
Filed Under: Metals and Mining

Great Rock Capital closed a senior secured term loan facility with Pennex Aluminum.   Pennex is a leading manufacturer of aluminum products, offering a full range of services that include casting, extrusion, and fabrication. Known for its diverse alloy options, reliable delivery, and strong customer service, Pennex operates multiple integrated business units that position it as a comprehensive provider of aluminum solutions.

Great Rock Capital served as the term loan agent and partnered with the revolver agent, Bank of Montreal (“BMO”), to create a flexible financing structure that will maximize the firm’s liquidity.

"Unwaveringly committed to serving the needs of our customers and investors, Pennex is excited to strengthen its relationship with a respected and trusted business partner like Great Rock Capital as we continue to grow and evolve as an organization," said Matt Rohm, CEO of MX Holdings, parent company of Pennex.

“Pennex has built an industry-leading platform centered around integrity, innovation, and superior customer service,” said Stuart Armstrong, CEO of Great Rock Capital.  “We are pleased to partner with BMO and provide the company with additional liquidity to support the continued growth of their business.”







Week's News



Comments From Our Members

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