Mountain Ridge Capital ("MRC") closed a $24 million senior secured credit facility for a  national fashion apparel distributor. The MRC facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth.  The tailored MRC credit facility provides the requisite liquidity and structural flexibility that both management and ownership were seeking.
 
MRC’s Jay Fabian stated, “We are delighted to have welcomed this new borrower to our portfolio.  Our collaboration with the management team during both the facility structuring and underwriting process led to a great outcome for all parties, and what we anticipate will be a fruitful ongoing partnership.”