Great Rock Capital Upsizes Leverage Facility
Over $550 Million of Capital to Drive Future Growth
Westport, CT – January 2, 2024 -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the upsize of its leverage facility with KeyBank National Association, one of the nation's largest bank-based financial services companies. The leverage facility, agented by KeyBank, provides over $550 million of capital and includes the recent additions of new lending partners EverBank and Axiom Bank.
“We’re excited to partner with a prominent platform like Great Rock Capital as they execute on their strategy to deliver innovative financing solutions to middle market businesses,” said Chris Tucker, Managing Director, KeyBank Specialty Finance Lending.
“We had a record year in 2023, and this increase of our capital base will support the continued expansion and ongoing success of our platform,” said Stuart Armstrong, CEO of Great Rock Capital. “We look forward to building on our strong relationships with KeyBank and the other lending partners in our facility, as we remain dedicated to providing middle market companies across North America with the liquidity and growth capital needed to execute on their strategic business plans.”
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.
KeyCorp's roots traceback nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $188 billion on September 30, 2023. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit www.key.com. KeyBank is Member FDIC.