Legacy Corporate Lending announced the closing of a robust slate of asset-based lending transactions during the second half of 2023.  

The recent financings were provided to a variety of independent and sponsor-backed borrowers in the middle market, including a $10 million revolving credit facility to a powersports distributor focused on exhaust systems, a $25 million revolver and term loan facility to a leading toy and game company, a revolving credit facility of $12.5 million to a producer and supplier of fresh and frozen seafood, and  $12.5 million revolving credit facility to a U.S.-based exporter of alfalfa and hay products.

“We are deeply proud of what we have accomplished since launching earlier last year,” said Clark Griffith, CEO of Legacy.  “In addition to capitalizing on our active deal pipeline, we have successfully grown our team, operations, and lending capabilities.  We look forward to continuing to build out our diversified lending platform to serve leading middle market companies across an extensive array of industries.”  

Since launching in May 2023 with a significant investment from Bain Capital Credit, L.P., Legacy has achieved various company milestones.  Including its latest transactions, Legacy has built six portfolio accounts with total loan commitments of over $75 million.