Mountain Ridge Capital ("MRC") closed a $25 million senior secured credit facility for a west coast-based leading manufacturer and distributor of action sports products. MRC's facility was used to refinance the debt of a national commercial bank and will be used going forward to achieve company growth and operational objectives.  The incremental liquidity and structural flexibility MRC were able to provide up and above the prior debt arrangement was a crucial value-add for the borrower.

Jay Fabian, Managing Director at MRC stated, "MRC occupies a crucial role in the middle market as credit continues to tighten and borrowers are seeking more flexible alternatives that provide incremental liquidity and more creative solutions.  In this instance, the enhanced liquidity that MRC provided will allow the borrower to capitalize on its robust backlog and execute its growth plan.  We look forward to a long, productive partnership with the borrower."

Livingstone Partners served as investment bank/advisor on this transaction.