Great Rock Capital Provides $25 Million of Liquidity to a Sponsor-Owned Pet Supply Company
July 22, 2024
Source: Great Rock Capital
Financial Flexibility to Support Future Growth
Westport, CT – July 23, 2024 – Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $25 million of liquidity through a senior secured credit facility to Phillips Pet Food & Supplies (“Phillips”). The facility was used to refinance existing indebtedness and will provide financial flexibility to support the company’s future growth. Phillips is a portfolio company of Axar Capital.
Wingspire Capital served as the lead agent for the overall $110 million senior secured credit facility.
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $10MM to $100MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners, a private equity business and a large institutional investor. To learn more, visit www.greatrockcapital.com.
Great Rock Capital Contact:
Jenn Cronin
Managing Director, Marketing and Business Development
(203) 557- 6277
cronin@greatrockcapital.com