NXT Provides $84 Mln Loan Backing Blue Point’s Buy of Smith-Cooper

Posted on: October 22, 2012 by Luisa BeltranNo Comments »

NXT Capital said Monday it provided an $84 million senior secured facility to fund Blue Point Capital Partners’ buy of Smith-Cooper International. Last week, Blue Point announced it was buying Smith-Cooper, of Commerce, Calif., a distributor of pipe, valves and fittings.