CHICAGO–(BUSINESS WIRE)–Monroe Acclaim Advisors (“MCA”) appear today the acknowledged adjustment of $13.25 actor in chief acclaim accessories acknowledging LongWater Opportunities’ (“LongWater”) accretion and consecutive alliance of two calm beat manufacturers, Standard Merchandising Company (“SMC”) and Fox River Mills, Inc. (“FRM”, calm with SMC the “Combined Company”). Based in Pennsauken, New Jersey, SMC designs, manufactures, and distributes several curve of branded and clandestine characterization hosiery products, specializing in affluence women’s articles and able-bodied and change socks. FRM is an Osage, Iowa-based ambassador of aerial quality, knitted abstruse socks and handwear for the outdoor, athletic, and accidental markets.
MCA acted as the absolute banking adviser to LongWater and its administration aggregation in the adjustment of $13.25 actor of revolving and appellation accommodation accessories on account of the Combined Company. Proceeds from the costs were acclimated to able the accretion and consecutive alliance of SMC and FRM, while additionally refinancing assertive concise agent and arch notes.
As its absolute banking advisor, MCA formed carefully with LongWater and its administration aggregation to structure, arrange, and accommodate the financing. Jordan Bastable, Accomplice at LongWater, commented, “Monroe Acclaim Advisors’ debt adjustment action was both able and awful effective. Despite the complexities of the transaction, the MCA aggregation delivered a cardinal of acute proposals from a array of basic providers and helped us to defended a admired lending accomplice for the Combined Company. Further, by outsourcing the costs action to MCA we acquired admission to a broader admirers of abeyant debt providers while acceptance our aggregation to focus on the accretion and affiliation of these two abiding calm manufacturers.”
Brent Krambeck, Co-Managing Accomplice of Monroe Acclaim Advisors, added, “We were admiring to assignment with LongWater and its accomplished administration aggregation to bear a timely, well-structured, and cost-effective debt band-aid in abutment of the accretion of SMC and FRM. Our absolute action generated a cardinal of high-quality proposals for LongWater and created cogent optionality for the Combined Company.”
Monroe Acclaim Advisors continues to assassinate on engagements with average bazaar clandestine disinterestedness sponsors gluttonous a absolute and absolutely outsourced debt costs solution, decidedly for affairs that crave a broader access to the basic markets. Ryan Deegan, Director of Business Development for MCA adds, “This transaction is an accomplished archetype of how clandestine disinterestedness admirers advance our aggregation as an outsourced ability to anatomy a debt facility, analyze an adapted admirers of abeyant investors and adapt abundant business abstracts aimed at breeding cogent optionality for a financing, all while managing the complexities of a basic adopting process.”
About LongWater Opportunities
LongWater Opportunities, headquartered in Dallas, Texas with an appointment in Fargo, North Dakota, is an operationally-focused clandestine disinterestedness close that targets ascendancy buyout disinterestedness investments in lower average bazaar U.S.-based accomplishment companies in affiliation with ancestors owner-operators and entrepreneurs. LongWater was founded in 2009 with a eyes to actualize a altered affectionate of clandestine disinterestedness close – one that centers on mutually accumbent interests and advance accommodating basic to body acknowledged American accomplishment businesses. LongWater recognizes that abiding amount is created through demography a hands-on access with its portfolio companies to analyze and assassinate cardinal and operational initiatives that actualize acceptable aggressive advantages. To apprentice added about LongWater, visit www.longwateropportunities.com.
About Monroe Acclaim Advisors LLC
Monroe Acclaim Advisors, the bazaar banking and debt advising associate of average bazaar lender Monroe Capital, provides debt basic solutions to average bazaar companies and their investors through strategies congenital for today’s activating acclaim markets. We advise, structure, and abode debt accessories through our relationships with a ample spectrum of debt providers including banks, bartering accounts companies, debt advance funds and leasing companies. The firm’s accomplished aggregation of leveraged accounts professionals approaches the bazaar with a lender’s perspective, carrying to its admirers real-time bazaar intelligence and alignment ability which aftereffect in cogent accumulation of assets and added authoritativeness of beheading during the costs process. To apprentice added about Monroe Acclaim Advisors, visit www.monroecredit.com.
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