Mountain Ridge Capital ("MRC") closed a new credit facility for Owlet, Inc. The new agreement provides for a three-year revolving credit facility of up to $15 million, increasing to up to $20 million on the first anniversary of closing.  The transaction was part of a larger recapitalization effort that will afford Owlet greater operational and financial flexibility.  

Jay Fabian, Managing Director at Mountain Ridge Capital stated, “Mountain Ridge is excited to collaborate with such an innovative company, and we look forward to a fruitful partnership in the years to come.”

Owlet’s digital health infant monitoring platform is transforming the journey of parenting.  Owlet, a small-cap healthcare growth equity, offers FDA-authorized medical and consumer pediatric wearables and an integrated HD visual and audio camera that provide real-time data and insights to parents who safeguard health, optimize wellness, and ensure peaceful sleep, for their children.