Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, announced the closing of a senior secured leverage facility, agented by Capital One, National Association, that provides over $1.1 billion of capital.
This new capital injection will provide Great Rock with financial flexibility to execute its strategic expansion initiatives.
KEY QUOTES:
“Great Rock has experienced monumental growth in recent years, and this new capital facility will be a key driver as we achieve new business milestones. We appreciate the partnership with Capital One and the 17 other bank partners in our facility and look forward to working with them as we continue to support the liquidity needs of middle market companies across North America.”
Stuart Armstrong, CEO of Great Rock Capital
“As Great Rock continues its profitable growth trajectory, this incremental capital strengthens our future financial flexibility and ability to support the liquidity needs of our customers. We are excited to work with the new bank group as we build on our firm’s strong foundation and utilize this capital to further scale the Great Rock platform.”
Brett Goodwin, CFO of Great Rock Capital
“We are pleased to support Great Rock’s continued growth with this new facility. Their commitment to providing vital liquidity to middle market companies aligns perfectly with our own goals, and we look forward to a successful partnership.”
Dan Tsacoumangos, Managing Director, Capital One Financial Institutions Group
