FirstLight Financial Corporation Serves as Lead Arranger of $36MM in
Senior Credit Facilities to Purchase Gas Processing Equipment
Manufacturer
OLD GREENWICH, Conn. (Billboard Publicity Wire via Business Wire EON) September 4, 2007 --
FirstLight Financial Corporation (“FirstLight”)
announced today that it served as lead arranger and administrative agent
of a $36 million senior credit facility for a portfolio company of Linx
Partners, LLC (“Linx”).
The credit facility consists of a $3 million revolver and $33 million
term loan. It will be used to purchase Cimarron Energy Inc. (“Cimarron”),
a premier designer, manufacturer and marketer of gas processing
equipment for natural gas producers.
“Linx looked for a lender who understood the
dynamics of a family company, the energy industry and the unique
financing requirements of Cimarron,” said
Peter Hicks, Managing Director and Founder of Linx. “The
FirstLight team exceeded our expectations and did everything they said
they would do.”
“Our in-depth knowledge of the energy sector
enabled us to customize a financing solution that met Linx’s
financial and operational objectives,” said
Ron Carapezzi, President & CEO of FirstLight. “This
is a great example of drawing on the expertise of our energy finance
team to deliver more value to our clients.”
About FirstLight Financial Corporation:
FirstLight Financial Corporation is a commercial finance platform
offering customized financings primarily for middle market companies
across a broad spectrum of industries. Newly formed by a team of
seasoned professionals who share a long-term, client-focused mindset,
FirstLight offers a unique, personalized experience characterized by
reliability, responsiveness, creativity and integrity. For more
information, visit www.firstlightfinancial.com.
About Linx Partners, LLC:
Linx Partners, based in Atlanta and New York, is a private equity firm
that partners with management teams to acquire and grow middle-market
industrial companies. Utilizing the strategic, operational, and
financial skills of its experienced professionals, Linx Partners is
committed to working with management teams to expand and increase the
value of their companies. For more information, visit
www.linxpartners.com.
About Cimarron Energy Inc.:
Cimarron Energy Inc., headquartered in Guymon, Oklahoma, is a premier
designer, manufacturer and marketer of gas processing equipment for
natural gas producers. Cimarron is often the sole or leading provider of
mission critical gas production equipment to its customers in the Rocky
Mountain Region.
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