Mountain Ridge Capital Provides $20.0 Million Credit Facility to an Apparel Manufacturer

FRISCO, Texas, June 18, 2024 /PRNewswire/ -- Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $20.0 million senior secured credit facility to a leading manufacturer and distributor of apparel.  The MRC facility refinanced the debt of a regional finance company and will be utilized to assist their management team in achieving its growth and operating objectives.  The enhanced credit package from MRC provides additional liquidity and structural flexibility which will aid the Company in managing its cash needs.

MRC’s Dan Williams stated, “We are pleased to provide this credit facility to support the Company’s growth and operating objectives.”

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:

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

Mountain Ridge Capital
Jay Fabian – Managing Director Originations – Midwest
jay.fabian@mountainridgecap.com

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