$34M Credit Facility Bolsters Flexible Packaging Manufacturer's Liquidity
Event summary
- $34M credit facility closed by GACC for flexible packaging manufacturer on August 12, 2026.
- Facility combined with $70M revolving line from CIT Northbridge to refinance debt and support growth.
- GACC is a subsidiary of Great American Holdings, majority-owned by Oaktree Capital Management.
- Transaction highlights GACC's focus on asset-based lending for mid-market companies.
The big picture
This transaction underscores the growing demand for flexible capital solutions in the mid-market manufacturing sector, particularly for companies with strong collateral value. GACC's ability to structure such facilities highlights the strategic advantage of asset-based lending platforms in providing tailored financing options. The deal also reflects broader industry trends where non-bank lenders are increasingly filling gaps left by traditional financial institutions.
What we're watching
- Execution Risk
- Whether the additional liquidity will translate into meaningful growth for the packaging manufacturer.
- Market Positioning
- How GACC's asset-based lending strategy performs against traditional banking options in the mid-market space.
- Industry Trends
- The pace at which flexible packaging manufacturers seek alternative financing solutions amid evolving market conditions.