Mountain Ridge Capital Provides $15 Million Credit Facility to Leading U.S. Textile Wholesaler

FRISCO, Texas, May 20, 2024 /PRNewswire/ -- Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $15 million senior secured credit facility to a leading US textile wholesaler.  Mountain Ridge was able to provide greater availability and flexibility than the previous bank arrangement, which was meaningful for both the acquisition and supports working capital liquidity for growth going forward.

MRC’s Trevor Courtney stated, “We are grateful to be partnering with an excellent management team, supporting their acquisition and the company’s next phase of growth.”

About Mountain Ridge Capital

Mountain Ridge Capital provides highly customized asset-based revolvers and term loans to middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral.  Mountain Ridge targets lending to privately-held, family-owned and private equity-backed businesses requiring liquidity to support business transitions, including turnarounds, restructuring, acquisitions and changes in ownership or control.  The Mountain Ridge platform was created in partnership with Arena Investors, LP (www.arenaco.com) in response to the growing demand for non-bank debt financing, which can be secured without unnecessarily slow and cumbersome bank committees, extended due diligence cycles, or lengthy legal processes.  MRC offers borrowers quick turnaround times and has a team of experts that understand all types of collateral, not just traditional A/R and inventory, which results in higher advance rates and more overall liquidity as compared to many traditional bank products.  See www.mountainridgecap.com for more information.

Contact:
Mountain Ridge Capital
Trevor Courtney

trevor.courtney@mountainridgecap.com

SOURCE Mountain Ridge Capital