Chicago, Illinois – NXT Capital announced that it has provided a $42 million senior secured credit facility to support the refinancing of Aakash Chemicals and Dye-Stuffs, Inc. (“Aakash Chemicals”), a portfolio company of CenterOak Partners LLC (“CenterOak”).

NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.

Founded in 1978, Aakash Chemicals is a supplier of colorants, additives and other specialty chemicals. The company supplies products for use in a variety of industries, with a focus on plastics, coatings and graphic arts end markets. Aakash Chemicals is headquartered in Glendale Heights, Illinois.

“We are pleased to work with the NXT Capital team,” said Randall Fojtasek, Managing Partner of CenterOak. “NXT’s ability to provide substantial growth capital will help Aakash Chemicals achieve its strategic objectives.”

About CenterOak Partners LLC

CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the investment and portfolio management team has a strong historical track record creating significant value through operational improvement. CenterOak’s senior leaders and their predecessor funds have managed over $1.8 billion of equity capital commitments and have completed nearly 100 acquisitions, representing over $3.2 billion in transaction value.

About NXT Capital

NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix.