Parquet Capital Participates in $135 Million Senior Secured Note Transaction
BOSTON, Sept. 6, 2018 /PRNewswire/ -- Parquet Capital, a leading alternative asset manager, participated in a direct $135 million club transaction in the industrial sector to a leading provider of equipment, supplies, and services to the label and packaging industry. The significant installed equipment base, favorable industry trends, and recurring sale of consumables supported the underwriting of the transaction. The deal was structured as a five-year senior secured note with a fixed 9.5% interest rate.
About Parquet Capital
Parquet Capital is a leading alternative investment manager. Based in Boston, the company invests in a wide variety of securities and situations, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, and equities. Parquet Capital seeks to achieve superior, risk-adjusted returns significantly in excess of indices with substantially lower risk. Additional information can be found at www.parquetcapital.com or contact [email protected].
SOURCE Parquet Capital
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