LBC Credit Partners Provides Senior Secured Term Loan to Soundview Paper Mills LLC
PHILADELPHIA, Nov. 19, 2013 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, announced the completion of a senior secured term loan to Soundview Paper Mills LLC ("Soundview" or the "Company"), an Atlas Holdings LLC ("Atlas Holdings") portfolio company. LBC was the Administrative Agent for the facility. The credit facility was used to refinance existing indebtedness and support the growth of Soundview.
Soundview, headquartered in Elmwood Park, New Jersey, manufactures and distributes bath tissue, towel, napkin and facial products made from recycled and virgin fiber to retailers such as grocery stores, drug stores, office supply and dollar store chains, as well as to wholesale distributors, food service and janitorial supply companies. Soundview is committed to growing on its long history of continuous innovation and improvement.
Atlas Holdings is comprised of 13 companies, more than 50 Operating Partners and over 8,500 employees. Atlas Holdings is a diversified group of manufacturing, distribution, service and trading businesses that operate in the building materials; capital equipment; energy; industrial services; packaging; pulp, paper, and tissue; steel; and logistics, supply chain management and distribution industry segments. Atlas Holdings works closely with its operating partners and management teams to build strong companies that can sustain long-term success.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.3 billion of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and New York City.
To learn more about LBC Credit Partners, visit www.lbccredit.com.
Information as of November 2013.
LBC Credit Partners, Inc.
Cira Centre, 2929 Arch Street, Suite 1550
Philadelphia, PA 19104-7340
Phone: (610) 631-5702
SOURCE LBC Credit Partners