Great Rock Capital closes $175M credit facility
Facility replaces A Crane Rental's existing debt, boosts liquidity
Great Rock Capital, a private credit firm focused on middle-market lending, has closed a $175 million senior secured revolving credit facility for crane rental and heavy-lifting solutions provider A Crane Rental.
The facility, secured by accounts receivable and equipment, refinances A Crane’s existing debt and adds liquidity to support growth, according to a Great Rock release today. Ares Commercial Finance, Wingspire Capital and InterVest Capital Partners participated as co-lenders.
“A Crane is a recognized industry leader, delivering best-in-class equipment and exceptional service to a growing customer base focused on critical infrastructure servicing needs,” Great Rock Chief Executive Stuart Armstrong stated in the release.
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