Mountain Ridge Capital ("MRC") closed an $8.0 million senior secured credit facility to a New York-based consumer products company. The MRC facility will be utilized for working capital purposes to achieve growth/operational objectives. MRC differentiated itself from competitors by providing certainty to close in an expedited time frame.
MRC’s Dan Williams stated, “This financing was a testament to MRC’s ability to execute and deliver with timing as a key consideration. We are excited for our partnership with a strong sponsor and management team that has demonstrated its ability to successfully steward the business through a variety of economic cycles.”