Capital Solutions Closes $30 Million Financing to Refinance a Sponsored Platform
The Capital Solutions Group (“Capital Solutions”) announces the closing of a $30 million senior secured debt facility to refinance a private equity sponsored platform which is a leading distributor of auto aftermarket accessories, consumer electronics and personal protective equipment (the “Company”).
Capital Solutions acted as the exclusive debt advisor to the Company for the financing. “We continue to be a trusted financing advisor to private equity sponsors,” commented Brad Stewart, Partner, who led the financing for Capital Solutions. “During the financing process, we received proposals which allowed the sponsor and management team to select the debt terms to maximize the Company’s current liquidity and implement its growth strategy over the next several years. We supported the Company with value-added advice all the way through credit documentation and closing.”
About The Capital Solutions Group:
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Since our founding in 2009, we have advised on over $3 billion of debt issuance, financial restructuring / amendments, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies.