Chicago, Illinois – NXT Capital announced that it has provided a senior secured credit facility to finance Sorenson Capital’s recapitalization of Axiom Materials, Inc.
NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner.
“This was our first transaction with NXT Capital and we were extremely pleased,” said LeGrand Lewis, Managing Director, Sorenson Capital. “NXT was fast and flexible in addressing all of our needs. We look forward to working with NXT again in the future.”
Sorenson Capital is a private equity firm that makes small to middle-market buyout and growth equity investments. Sorenson Capital has more than $1 billion in capital under management and typically makes investments of $10 to $40 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah.
Axiom Materials, Inc. manufactures composite materials. Its products include prepreg, adhesive and ancillary composites. Axiom serves the aerospace, defense, industrial, automotive, electronics and advanced energy sectors. The company is based in Santa Ana, California.
NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups. NXT is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York, Phoenix and San Francisco.