FrontWell Capital Partners has provided a C$15 million senior secured credit facility to a Canadian manufacturing business. The company was not identified. Toronto-based FrontWell last year raised an initial $350 million for a mid-market private credit fund.
FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a $15 million CAD senior secured credit facility to a large Canadian manufacturing company with an operating history of more than 150 years. The facility is secured by real estate and working capital and will be used to support the company’s business plan.
“This senior secured credit facility is an example of FrontWell’s creative approach to structuring tailored solutions that meet the needs of borrowers in transition,” said Patrick Dalton, Chief Executive Officer of FrontWell.
About FrontWell Capital Partners
Headquartered in Toronto, FrontWell Capital Partners provides transitionary senior debt financing to middle-market companies in the United States and Canada. With committed seed capital of more than USD $350 million, FrontWell offers financing solutions, including asset-based (ABL) and cash flow loans, to maximize liquidity support for borrowers that are looking beyond traditional sources of capital. FrontWell’s rigorous approach to origination, underwriting and risk management generates current income while prioritizing the preservation of principal over the chase for yield. FrontWell partners with companies across several industries that display balance sheet capacity and that require liquidity to support a transition in their business, including turnarounds, restructurings, acquisitions and changes in ownership or control. For more information, please visit frontwellcapital.com.