MidCap Financial provided a $17.5 million senior secured credit facility to Kellenberger, a portfolio company of Centre Lane Partners, LLC. Proceeds from the MidCap Financial credit facility will support Kellenberger’s ongoing working capital needs.
Kellenberger is a leading international provider of advanced metal-cutting solutions. The Company provides a full spectrum of highly reliable CNC turning, milling, and grinding machines. The diverse products Kellenberger offers enables the Company to support a variety of market applications in industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, transportation and more. Kellenberger has developed a strong global presence with manufacturing operations in North America, Europe, and Asia. Kellenberger applies its engineering and applications expertise to provide companies with the right machine tool solution and support every time.