Great Rock Capital Closes $46.3MM Term Loan Facility
New growth capital to support increased demand
Westport, CT – January 9, 2024 -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $46.3 million senior secured term loan for a fast-growing equipment management, leasing, and technology company.
The term loan will provide growth capital and financial flexibility for the company as they increase the size and diversity of their rental fleet to capitalize on the demand for their services.
“Great Rock is pleased to provide this thriving company with new liquidity to execute on their strategic growth plans,” said Stuart Armstrong, CEO of Great Rock Capital. “We look forward to working with our new customer to advance the expansion of their business.”
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $15MM to $100MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners, a private equity business and a large institutional investor. To learn more, visit www.greatrockcapital.com.