TORONTO, May 13, 2024
/CNW/ - FrontWell Capital Partners Inc. ("FrontWell") today
announced the closing of a USD$14.2
million secured credit facility with Uniroyal Engineered
Products LLC. ("Uniroyal"), a manufacturer of vinyl-coated fabrics
and soft trim technologies.
The facility, comprised of a revolver and a term loan, will be
used by Uniroyal to refinance its existing debt and provide
additional working capital liquidity to support Uniroyal's sales
initiatives.
"We are happy to provide a credit facility to Uniroyal that will
allow the company to lean into their future sales opportunities,"
said Patrick Dalton, Chief Executive
Officer of FrontWell.
"FrontWell's financing solution will allow our company to
execute on a strategic plan which includes sales growth
objectives," said Howard R. Curd,
Chief Executive Officer of Uniroyal.
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 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.
About Uniroyal Engineered
Products
Uniroyal Global Engineered Products is a leading global provider
of vinyl-coated fabrics and soft trim technologies serving the
automotive, recreational, industrial, contract, hospitality and
healthcare markets. Our portfolio of companies span multiple
continents, utilize 509,000 square feet of manufacturing capacity
and feature more than 437 employees dedicated to delivering
outstanding products engineered for exceptional performance.
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SOURCE FrontWell Capital Partners Inc.