NXT Capital Backs Lineage Capital’s Halco Lighting Recap
NXT Capital announced that it has provided a $21.5 million senior secured credit facility to fund Lineage Capital’s recapitalization of Halco Lighting Technologies, LLC.
NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
Lineage Capital invests exclusively in owner-managed and family-controlled businesses. Based in Boston, it focuses on high- quality, lower middle market businesses with EBITDA of greater than $4 million that desire a value-added partner to facilitate future growth and success. Lineage Capital’s diverse portfolio includes consumer, industrial, service and distribution businesses. For more information, see www.lineagecap.com.
Founded in 1974 and headquartered in Atlanta, Halco Lighting Technologies, LLC is a manufacturer and supplier of a full line of lamps (known at the consumer level as light bulbs) and ballasts for the commercial, industrial, residential and specialty lighting markets.
T. Brook Parker, a founding partner of Lineage, stated “Our relationship with NXT Capital is relatively new, and off to a great start. The NXT team was quick, enthusiastic and gave us certainty of close on an accelerated timeframe. We look forward to working with them again.”
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. See www.nxtcapital.com for more information.
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