Capstone Partners Advised ADC Solutions Holdings on a $40M Senior Credit Facility to Refinance Existing Debt
Capstone Partners advised ADC Solutions Holdings, LLC— a holding company that pursues entrepreneurial opportunities in the consumer products sector — on a new $40M senior credit facility, the proceeds of which were used to refinance existing debt and provide growth capital to the company.
ADC Solutions Holdings, based in Costa Mesa, California, owns two primary operating subsidiaries: Horizon Brands, which is an importer and distributor of both company-branded auto aftermarket accessories and home lighting products sold primarily into leading big box retail stores, and Namawell, which is an online, direct-to-consumer seller of branded health & wellness products.
I’ve known Brad for over 10 years and he advised the company on our previous debt financing, so when we decided to go to market to see what our refinancing options would look like, it was an easy decision to engage him and the Capstone Debt Advisory team. We were very pleased with the financing options that Capstone presented to us, allowing us to select the one that had the most attractive terms for the company operationally and financially, and begin a new relationship with our lender, CIT Northbridge Credit, that we believe is a great fit for us going forward.
Brad Stewart, Managing Director in Capstone’s Debt Advisory Group, commented, “It was a pleasure executing another financing for ADC and I appreciate the confidence they had in Capstone to engage us to represent ADC in the market to find financing options that provided greater flexibility than the financing terms they had with their previous lender. The ADC credit story was very well received in the market, and our process allowed them to achieve the win-win of obtaining market-leading terms for their new facility with a lender they believe offers the best relationship fit and the ability to grow with the company.”
The investment banking professionals on Capstone Partners’ Debt Advisory Group work with leading middle market companies to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Debt Advisory Group, contact us here.
