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NXT Capital Provides $96MM for Brazos’ Refi of BlackHawk Industrial

January 20, 2015, 07:53 AM
Filed Under: Manufacturing

NXT Capital announced that it has provided a $96 million senior secured credit facility to support the refinancing of BlackHawk Industrial, a portfolio company of Brazos Private Equity Partners. The transaction also included BlackHawk Industrial’s acquisition of Packaging, Inc.

NXT Capital acted as joint lead arranger, administrative agent and joint bookrunner.

BlackHawk Industrial provides high quality industrial products and equipment, as well as manufacturing services and innovative engineered supply solutions. Headquartered in Broken Arrow, Oklahoma, BlackHawk has locations across North America.

Packaging Incorporated distributes a full line of packaging, fastening and strapping tools, machinery and consumables through regional warehousing and service centers. The company is leadquartered in Eden Prairie, Minnesota.

Brazos Private Equity Partner is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. The firm focuses on investments in leading middle-market consumer, healthcare, commercial, industrial and business services companies.

NXT Capital provides structured financing solutions to middle-market companies and real estate investors through its Corporate Finance, Equipment Finance and Real Estate Finance groups. Based in Chicago with offices in Atlanta, Charlotte, Dallas, Kansas City, Los Angeles, Nashville, New York, Phoenix, San Francisco and Stamford, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.

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