Great Rock Capital Closes $55 Million Term Loan for AirBoss of America Corp.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), North America's second-largest rubber solutions and custom compounding company, has secured a $55 million senior secured term loan facility from Great Rock Capital. The financing, combined with a revolving credit facility from The Toronto-Dominion Bank, will be used to refinance existing debt and leverage fixed assets for increased liquidity. The new credit facility aims to provide AirBoss with enhanced financial flexibility to support their strategic growth initiatives.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), la seconda azienda per dimensioni in Nord America nel settore delle soluzioni in gomma e della compounding personalizzata, ha ottenuto un prestito garantito a lungo termine da 55 milioni di dollari da Great Rock Capital. Il finanziamento, insieme a una linea di credito revolvente fornita da The Toronto-Dominion Bank, sarà utilizzato per rifinanziare debiti esistenti e valorizzare attività fisse per aumentare la liquidità. La nuova linea di credito mira a fornire ad AirBoss una maggiore flessibilità finanziaria per sostenere le proprie iniziative di crescita strategica.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), la segunda empresa más grande de soluciones de goma y de compounding personalizado en América del Norte, ha asegurado un préstamo a largo plazo garantizado de 55 millones de dólares de Great Rock Capital. El financiamiento, combinado con una línea de crédito revolvente del Toronto-Dominion Bank, se utilizará para refinanciar la deuda existente y aprovechar activos fijos para aumentar la liquidez. La nueva línea de crédito tiene como objetivo proporcionar a AirBoss una mayor flexibilidad financiera para respaldar sus iniciativas estratégicas de crecimiento.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), 북미에서 두 번째로 큰 고무 솔루션 및 맞춤형 복합재료 회사는 Great Rock Capital로부터 5,500만 달러 규모의 담보 장기 대출 시설을 확보했습니다. 이번 자금 조달은 Toronto-Dominion Bank의 회전 신용 시설과 결합되어 기존 채무를 재융자하고 고정 자산 활용을 통해 유동성을 증가시키는 데 사용됩니다. 새로운 신용 시설은 AirBoss가 전략적 성장 이니셔티브를 지원하기 위한 재정적 유연성을 향상시키는 것을 목표로 합니다.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), la deuxième plus grande entreprise en Amérique du Nord spécialisée dans les solutions en caoutchouc et le mélange sur mesure, a sécurisé une facilité de prêt à terme senior sécurisée de 55 millions de dollars auprès de Great Rock Capital. Ce financement, combiné à une ligne de crédit renouvelable de la Toronto-Dominion Bank, sera utilisé pour refinancer la dette existante et valoriser les actifs fixes afin d'accroître la liquidité. La nouvelle facilité de crédit vise à offrir à AirBoss une flexibilité financière améliorée pour soutenir ses initiatives de croissance stratégique.
AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), das zweitgrößte Unternehmen in Nordamerika für Gummilösungen und maßgeschneiderte Compoundierung, hat eine gesicherte langfristige Darlehensfazilität über 55 Millionen Dollar von Great Rock Capital gesichert. Die Finanzierung, kombiniert mit einer revolvierenden Kreditfazilität von The Toronto-Dominion Bank, wird verwendet, um bestehende Schulden zu refinanzieren und festes Vermögen zur Erhöhung der Liquidität zu nutzen. Die neue Kreditfazilität soll AirBoss eine verbesserte finanzielle Flexibilität bieten, um ihre strategischen Wachstumsinitiativen zu unterstützen.
- Secured $55 million senior secured term loan facility
- New financing provides increased financial flexibility and liquidity
- Successfully refinanced existing debt
- Increased debt burden through new loan facility
Liquidity to Drive Future Growth
The Great Rock Capital term loan, together with the revolving credit facility agented by The Toronto-Dominion Bank, will refinance the company's existing debt. The new term loan facility will leverage the value of their fixed assets to maximize liquidity.
"AirBoss is a world-class platform driven by the company's strong management team and their commitment to innovation via research and development," said Stuart Armstrong, CEO of Great Rock Capital. "This new credit facility will provide them with significantly increased financial flexibility and liquidity to support their strategic growth initiatives, and we look forward to being part of their future success."
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
About AirBoss
AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations. The Company's shares trade on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF. Visit www.airboss.com for more information.
Great Rock Capital Contact:
Jenn Cronin
Managing Director, Marketing and Business Development
(203) 557- 6277
cronin@greatrockcapital.com
View original content:https://www.prnewswire.com/news-releases/great-rock-capital-closes-55-million-term-loan-for-airboss-of-america-corp-302326614.html
SOURCE Great Rock Capital
FAQ
What is the size of the term loan facility secured by AirBoss (ABSSF) in December 2023?
How will AirBoss (ABSSF) use the new term loan facility?
What is AirBoss's (ABSSF) market position in North America?
