Great Rock Capital closes USD12m credit facility with Imperial Toy
Great Rock Capital, an asset-focused commercial finance company specialising in middle market lending, has closed a USD12 million senior secured credit facility to toy manufacturer and seller Imperial Toy.
The new capital will provide Imperial Toy with 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," says 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 customised financing structure provides Imperial the liquidity needed to fund near term growth objectives and achieve long-term growth targets," says 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."