MidCap Financial provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing, Inc. Proceeds from MidCap Financial were used to refinance the Company’s prior credit facilities and will provide for the business’ ongoing working capital needs.
Mervin Manufacturing home of Lib Tech, GNU, Roxy and Bent Metal is a leading designer and manufacturer of snowboarding, surfing, skiing, and skateboarding products built at their environmentally conscious factory by people who ride them.