GACC Completes $34 Million Credit Facility for Flexible Packaging Expansion

GACC Completes $34 Million Credit Facility

In a significant move to bolster its operations and support growth, Great American Capital Corporation (GACC™), a noteworthy subsidiary under Great American Holdings, LLC, has successfully closed a $34 million credit facility dedicated to a leading flexible packaging manufacturer. This strategic financing aims to strengthen the company's liquidity and financial stability, enabling it to expand its operations in a competitive market.

As part of this financing package, GACC has combined the new credit facility with a pre-existing revolving line of credit amounting to $70 million from CIT Northbridge. The amalgamation of these funds is intended for refinancing existing bank debts while providing the packaging manufacturer with the necessary capital to continue its trajectory of growth in the flexible packaging sector.

Eran Cohen, the President and Chief Investment Officer of GACC, expressed enthusiasm about this deal, emphasizing GACC's capacity to deliver innovative and tailored financial solutions for businesses with nuanced financing needs. He noted, "This transaction highlights our capability as a financial partner that can adapt to the specific requirements of businesses, ensuring they have the necessary capital to foster their growth plans."

The flexible packaging sector has seen rising demand in recent years as industries call for sustainable and efficient packaging solutions. This move by GACC reflects a broader trend where financial institutions recognize the potential of the flexible packaging market. By offering substantial funding to a manufacturer in this space, GACC is contributing to innovation and growth in an industry that is essential for both consumer goods and environmentally conscious packaging practices.

About GACC

Great American Capital Corporation operates as an asset-based lending platform targeting mid-market companies that possess robust underlying asset values. Through a close partnership with funds managed by Oaktree Capital Management, L.P., GACC is positioned as a dependable and inventive capital solutions provider.

The overarching goal of GACC is to adapt financial solutions to meet the specific requirements and aspirations of its clients, thereby ensuring they can thrive even amidst industry challenges. GACC's understanding of asset valuations combined with Oaktree's investment expertise uniquely qualifies them for this role.

About GA Group

GA Group is a privately-held global entity focused on delivering customized solutions across a variety of sectors. With extensive experience, the firm's experts underscore their capability in financial advisory services, evaluations, and asset management, even in distressed scenarios. Celebrating 50 years in service, the group boasts over a century of collective industry experience. Their reputable standing in the market reflects their ability to cater to diverse and complex financial needs across various applications.

This recent $34 million credit facility not only underscores GACC's commitment to supporting manufacturers in advantageous sectors but also highlights its role in fostering sustainable growth within competitive industries. As the flexible packaging market continues to evolve, GACC's investment signifies a strategic partnership that aims to enhance production capabilities and drive profitability for its client in the upcoming years.