LBC Credit Partners Provides Secured Global Term Loan Facility to Support OpenGate Capital's Acquisition of Hufcor, Inc.

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Oct 16, 2017, 10:00 ET

PHILADELPHIA, Oct. 16, 2017 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided a secured global term loan facility to support the acquisition of Hufcor, Inc. ("Hufcor" or the "Company") by OpenGate Capital, a Los Angeles-based private equity firm.

LBC served as Sole Agent for the secured global term loan facility and worked with a major commercial bank which provided a revolving credit facility.

Founded in 1900 with headquarters in Janesville, Wisconsin, Hufcor is the most installed brand of operable partitions worldwide. Hufcor offers its customers a global solution through dedicated manufacturing facilities in the United States, Australia, New Zealand, Germany, China and Malaysia. With its vast distribution network, the Company's products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.

About LBC Credit Partners
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 supporting sponsored and non-sponsored transactions. With over $2.9* billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.

*Information as of September 2017

MEDIA CONTACT:
Lisa Rubano-Volansky
Tel (724) 979-4293
Email [email protected]

SOURCE LBC Credit Partners