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


Tree Line Capital Backs Huron Capital’s Investment in WD Lab Grown Diamonds

January 22, 2019, 08:00 AM
Filed Under: Industrial Products

Tree Line Capital Partners, LLC, a direct lender focused on the lower middle market, provided a first lien credit facility, including a term loan, revolver and delayed draw facility, and equity co-investment to support Huron Capital Partners’ significant investment in WD Lab Grown Diamonds.

Based in the Washington D.C. area, WD is a leading producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets. WD holds an extensive portfolio of exclusive global licenses with the Carnegie Institution of Washington (Carnegie Institution) centered on the patented Chemical Vapor Deposition (CVD) process and other methods to grow diamonds. The Carnegie Institution has been a shareholder in WD since 2011. WD is well-known commercially to be able to grow and supply its retail, wholesale and industrial customers with consistent quantity and quality of diamonds to meet demand.

“We appreciate Tree Line’s support in building the WD platform and are excited to expand our partnership with Tree Line with our second deal in less than nine months,” said Michael Zukas, Vice President at Huron Capital. “We were able to leverage our existing lending framework with Tree Line to facilitate an efficient transaction process involving simplified documentation and process transparency.”

Jon Schroeder, Managing Partner of Tree Line added, “Tree Line is thrilled to have completed our second deal with the team at Huron Capital and are excited to partner with the WD management team. The investment in WD highlights Tree Line’s ability to efficiently underwrite a business and tailor a debt solution that provides access to follow-on capital to drive growth through our committed delayed draw facility feature.”


Comments From Our Members

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