MidCap Financial provided a $35 million senior revolving credit facility to Arc International North American Holdings, Inc. The MidCap Financial credit facility is part of a successful refinancing of the Company’s capital structure which will help support the Company’s continued growth. Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will support Arc’s ongoing working capital needs.

Arc International North American Holdings, Inc. is a subsidiary of The Arc Holdings, which is headquartered in Arques, France. The Company specializes in the design and manufacturing of glass tableware. Arc sells glassware under the registered trademarks Luminarc, Cristal d’Arques, Arcoroc and Chef & Sommelier. The Company also designs products for the private label and B2B markets.