MVC says financing complete
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- January
- 23
MVC Capital Inc., the Purchase-based company that makes private debt and equity investments, said this morning the financing of $65.5 million in debt for SP Industries, Inc. and Genevac Ltd., which are portfolio companies of Riverlake Partners LLC, is complete.
The proceeds will be used to refinance SP’s and Genevac’s existing debt.
MVC retains a loan position of $24 million in SP and Genevac. CapitalSource and Amalgamated Bank also participated in the debt financing.
Riverlake is a private equity company that focuses on manufacturing and business services companies throughout the country.
This entry was posted
on Wednesday, January 23rd, 2008 at 9:23 am by Allan Drury.
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