News Column

LBC Credit Partners Offers Senior Secured Term Loan to Support Wynnchurch Capital's Recapitalization of Senco Brands

February 6, 2014

LBC Credit Partners ("LBC"), a provider of financing solutions to middle market companies, agented a $42.5 million senior secured term loan to support the recapitalization of Senco Brands, Inc. , a Wynnchurch Capital portfolio company. According to a release, proceeds from the transaction were used to finance the Company's continued growth and a special one-time distribution to the Company's shareholders. LBC Credit Partners was Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction. Senco is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. With tools, fasteners and accessories for use in a variety of professional segments -- home construction/remodeling, furniture, manufactured housing, pallets/crating -- Senco products are available through professional distribution outlets in more than 40 countries. In addition, the company's TyRex brand features tools and collated fasteners for use in concrete and steel fastening applications found in the construction of high-rise structures, hospitals, and schools as well as roads and bridges. Wynnchurch Capital , headquartered in the Chicago suburb of Rosemont, Illinois with offices in Detroit , Toronto , and an affiliate office in Montreal , is a middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada that have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion , specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information: ((Comments on this story may be sent to ))

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Professional Services Close - Up

Story Tools