Chicago, Illinois – NXT Capital today announced that it has provided a $46 million senior secured loan to fund American Capital, Ltd.’s (Nasdaq: ACAS) recapitalization of its portfolio company Lifoam Industries, LLC.
NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
American Capital is a publicly traded private equity firm and global asset manager. With $68 billion in assets under management, the firm originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.
Founded in the 1930s and headquartered in Maryland, Lifoam Industries, LLC is a leading manufacturer of expanded polystyrene, polyurethane and refrigerant products used primarily for consumer, healthcare and protective packaging applications.
“Lifoam is our third deal with NXT Capital,” said Mike Eklund, Director, American Capital. “We greatly appreciate NXT’s diligence and flexibility in addressing our key business priorities.”
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.