Stonegate Capital announced it has made a $6,000,000 senior debt investment in CoreCentric Solutions, Inc.  Headquartered in Carol Stream, IL, CoreCentric is a provider of reverse logistics services and after-market solutions for appliance parts and products.

"We are excited to partner with Stonegate and found that they were the most creative lender in the market to bring forward a credit facility solution that supports the strong growth of CoreCentric Solutions,” stated CFO Brian Cassell.  “The team was easy to work with and effectively communicated in a timely manner throughout the closing process.” The Company will utilize the senior debt facility to support ongoing operational initiatives and to manage working capital.

“We are excited to have gotten the CoreCentric opportunity over the finish line despite the challenges that the post-COVID economy has presented,” said Jay Fabian, Managing Director at Stonegate Capital. “The close of the transaction is a testament to the hard work and dedication of the company’s exceptional management team, and we look forward to a prosperous partnership alongside them.” This investment is one of two that closed in the first week of July, kicking off a busy third quarter in which Stonegate has been eager to deploy strategic senior capital via each of its three lending platforms. Concord Financial Advisors, LLC was engaged as the exclusive debt placement advisor by the Company.