WESTPORT, Conn., July 24, 2018 /PRNewswire/ — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $12 million senior secured credit facility to Imperial Toy, a worldwide leader in the sale and manufacture of toys. The new capital will provide Imperial Toy the financial flexibility needed to increase business production and position the firm for accelerated growth.
“The partnership with Great Rock Capital provides Imperial with the capital needed to drive our continued growth and position the firm for sustained success,” said Peter Tiger, CEO of Imperial Toy. “We look forward to working with the Great Rock team to further execute on our growth objectives.”
“Imperial continues to grow with award-winning proprietary brands, innovative products, and nationally and internationally-known licenses. The customized financing structure provides Imperial the liquidity needed to fund near term growth objectives and achieve long-term growth targets,” said Stuart Armstrong, CEO of Great Rock Capital. “Peter has been a dedicated leader at Imperial for over 20 years and we are pleased to be their financing partner.”
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans.
Company Contact: Stuart Armstrong, CEO Great Rock Capital, (203), 557–6275, Armstrong@greatrockcapital.com
SOURCE Great Rock Capital