LBC Credit Partners Provides Financing for a Public-to-Private Buyout
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PHILADELPHIA, March 24 /PRNewswire/ -- LBC Credit Partners provides $30.25M in financing to support a going-private buyout by an equity sponsor for a company engaged in the construction of structural concrete highway bridges and overpasses as well as the paving of highways and airport runways in the Southwest Region of the United States. LBC's financing included senior and junior secured term loans and an equity co-investment. About LBC Credit Partners LBC Credit Partners is a middle market lending fund providing secured loans, mezzanine debt and equity co-investment to companies with EBITDA greater than $10M. LBC has more than $1 billion of capital commitments under management and typically invests $10M to $50M per transaction to support buyouts, acquisitions, growth, recapitalizations, restructurings, DIPs and exit financing. Since 2006 LBC has made over 35 investments in 27 industry sectors located throughout North America. LBC has offices in Philadelphia and Chicago. For information about LBC Credit Partners please visit www.lbccredit.com. SOURCE LBC Credit Partners Homyar Choksi of LBC Credit Partners, +1-215-609-3348, hchoksi@lbccredit.com
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