LBC Credit Partners Provides Financing to a Pharmaceutical Manufacturer and an Automotive Parts Supplier

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Apr 19, 2010, 11:00 ET

PHILADELPHIA, April 19 /PRNewswire/ -- LBC Credit Partners, a leading provider of financing solutions to middle market companies, today announced the funding of a $10 million junior secured loan to support the acquisition of a pharmaceutical company and a $15 million senior loan to fund the recapitalization of an automotive parts supplier. The pharmaceutical company is a manufacturer of private label, and store brand pharmaceutical products and the automotive supplier produces a wide range of critical parts for the transportation industry.

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"We are pleased to play a role in supporting equity sponsors' initiatives and providing capital to allow management teams to pursue their long-term growth objectives for their businesses," said John Brignola, a partner with LBC. "These transactions are successful examples of LBC's broad range of financing solutions for sponsors and management teams and further confirmation of our commitment to middle market financing."

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured, and mezzanine debt; and equity co-investments to companies with EBITDA generally greater than $10 million. LBC follows a long-term approach to investing adhering to a "lend and hold" strategy and typically invests $10 million to $50 million per transaction supporting acquisitions, growth strategies, refinancings, recapitalizations, and restructurings. LBC has more than $1 billion of capital under management and has made investments in a wide range of industries located throughout North America. For additional information please visit www.lbccredit.com or contact John Brignola at 215-972-8901.

SOURCE LBC Credit Partners