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GACC Finalizes $34 Million Credit Facility for Packaging Manufacturer

GACC Finalizes $34 Million Credit Facility for Packaging Manufacturer

A Westlake Village-based manufacturer of flexible packaging has secured a $34 million credit facility from Great American Capital Corporation. This capital injection, paired with a $70 million revolving line of credit from CIT Northbridge, allows the company to refinance its existing debt while funding future operational expansion.

The financing package provides the manufacturer with liquidity to sustain its market position. Eran Cohen, President and Chief Investment Officer of GACC, noted that the deal underscores the firm's capacity to structure capital solutions for clients navigating complex financial landscapes. The facility is designed to support the manufacturer through its upcoming phase of growth.

Great American Capital Corporation operates as an asset-based lender for mid-market firms, backed by the broader resources of Great American Holdings and Oaktree Capital Management. This latest transaction reflects a strategy of leveraging collateral value to provide flexible funding where traditional bank debt may prove restrictive.

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