NXT Capital Provides $46M Debt to Lifoam Deal

NXT Capital has provided a $46 million senior secured loan to fund American Capital’s recapitalization of Lifoam Industries. American Capital is a publicly traded private equity firm and global asset manager. Maryland-based Lifoam is a manufacturer of expanded polystyrene, polyurethane and refrigerant products used primarily for consumer, healthcare and protective packaging applications.

PRESS RELEASE

NXT Capital today announced that it has provided a $46 million senior secured loan to fund American Capital, Ltd.’s (Nasdaq: ACAS) recapitalization of its portfolio company Lifoam Industries, LLC.

NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative

Agent for this transaction.

 

American Capital is a publicly traded private equity firm and global asset

manager. With $68 billion in assets under management, the firm originates,

underwrites and manages investments in middle market private equity,

leveraged finance, real estate and structured products.

 

Founded in the 1930s and headquartered in Maryland, Lifoam Industries, LLC

is a leading manufacturer of expanded polystyrene, polyurethane and

refrigerant products used primarily for consumer, healthcare and

protective packaging applications.

 

“Lifoam is our third deal with NXT Capital,” said Mike Eklund, Director,

American Capital. “We greatly appreciate NXT’s diligence and flexibility

in addressing our key business priorities.”

 

NXT Capital provides structured financing solutions to middle-market and

emerging growth companies, as well as real estate investors, through its

Corporate Finance, Venture Finance and Real Estate Finance groups. Based

in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport

Beach and Silicon Valley, NXT Capital targets senior financing

opportunities of up to $150 million with a hold size up to $50 million.