MidCap Financial provided a $36.35 million senior secured credit facility to Vulcan Metals Corporation. Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the Company and support ongoing working capital needs.

Vulcan Metals, founded in 1872 and headquartered in Kansas City, MO, is a manufacturer of large, highly engineered castings for mission-critical applications in defense, rail & transit, and other specialized industrial markets. Vulcan Metals operates 3 foundries located in Tacoma, WA; Atchinson, KS; and London, ON. The Company has a broad suite of in-house capabilities, including design engineering to casting, machining, heat treatment, welding, assembly, and testing. Vulcan Metals has high levels of flexibility in both lead times and minimum quantities, as well as customization to meet various customer needs.

TerraMar Capital LLC is an investment platform headquartered in Los Angeles that provides debt and equity capital to middle-market businesses facing an inflection point. TerraMar offers customized capital solutions for complex situations where speed and certainty are often important considerations.