Great Rock Provides $45MM of Liquidity to Sponsor-Owned Cosmetics Company
Additional Capital to Execute on Growth Initiatives
Westport, CT – April 11, 2023 – Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $45 million of liquidity through a senior secured credit facility to an internationally recognized cosmetics company. The facility was used to refinance existing indebtedness and will provide additional capital and financial flexibility to support the Company’s ongoing growth. Wingspire Capital served as the lead agent for the overall $125 million senior secured credit facility.
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 $10MM to $75MM 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.