Mountain Ridge Capital Provides $30.8 Million Credit Facility to Wood Products Distribution Company

FRISCO, Texas, June 3, 2024 /PRNewswire/ -- Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30.8 million senior secured credit facility to a midwestern-based premier manufacturer and distributor of cabinet components and wood products for the Recreational Vehicle, cabinetry, and residential kitchen & bath industries.  The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes and to achieve growth/operational objectives.  MRC differentiated itself from competitors by providing additional liquidity and structural flexibility.

MRC’s Jay Fabian stated, “This opportunity was a great fit for MRC in that it was consistent with our objective to provide meaningful, flexible capital solutions to good asset-intensive businesses with strong management teams.  We are excited for our partnership with the borrower and are anticipating shared success in the months ahead.”

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:

Contact:
Mountain Ridge Capital
Jay Fabian
jay.fabian@mountainridgecap.com

Bill Drmacich – Managing Director Originations – Southeast
Bill.Drmacich@MountainRidgeCap.com

Daniel Williams – Managing Director Business Development – Northeast
Daniel.Williams@MountainRidgeCap.com

Michael Carlson – Director Business Development Rockies and West Coast
Michael.Carlson@MountainRidgeCap.com

Trevor Courtney – VP Originations Great Plains and Southwest
Trevor.Courtney@MountainRidgeCap.com