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Garrison Investment Group Funds $60MM Term Loan to PCCR

December 04, 2014, 07:37 AM
Filed Under: Manufacturing

Garrison Investment Group announced the funding of a $60 million term loan credit facility, in conjunction with a $100 million ABL revolving credit facility provded by Wells Fargo Capital Finance to PCCR USA, Inc. PCCR is a wholly owned subsidiary of The Polynt Group, a worldwide leader in composite resins with revenues of $1.8 billion. Proceeds from the transaction will be used to finance the acquisition of CCP Composites, a corporate carve-out from TOTAL S.A., the French integrated oil and gas company. CCP Composites is a market-leading composite resins operation. Garrison Loan Agency Services LLC acted as administrative agent on the transaction for the term loan credit facility.

Headquartered in Carpentersville, Illinois, PCCR is a leader in the manufacturing of unsaturated polyester resins used to produce composite materials and of coatings mainly used to produce paint.

Garrison Investment Group LP and its affiliates is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison focuses on deploying capital across its corporate finance, real estate, consumer finance and structured credit investment strategies. Garrison Corporate Finance provides credit solutions to underserved middle market and lower middle-market companies across a broad range of industries that are primarily based in the United States.

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