Great Rock Capital Provides Over $40 Million in New Liquidity to Portfolio Companies
September 17, 2024
Source: Great Rock Capital
Incremental Term Loan Financing to Support Ongoing Growth
Westport, CT – September 18, 2024 — Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, today announced that during the third quarter, it has expanded the borrowing capacity for three existing portfolio companies. The new capital, totaling over $40 million, was provided through senior secured term loans, two of which were paired with an existing revolving credit facility and the third was an upsize to the current standalone term facility.
“Great Rock takes pride in building strong, long-standing partnerships with our customers,” said Stuart Armstrong, CEO of Great Rock Capital. “From the onset of our relationship, we work with the management teams of our borrowers to customize creative financing structures that will support the ongoing success of their platforms.”
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