Robert Weed Corporation Secures Refinancing Deal
Livingstone’s Debt Advisory team is pleased to announce the successful refinancing of Robert Weed Corporation (“Robert Weed” or the “Company”) by Mountain Ridge Capital. The transaction closed in March 2024; terms were not disclosed.
Founded in 1966 and headquartered in Bristol, IN, Robert Weed Corporation (“Robert Weed” or the “Company”) is a premier manufacturer and distributor of cabinet components and wood products for the RV, cabinetry, and residential kitchen & bath industries. The Company’s product offering includes laminated panels, engineered products, wrapped products, and cold and nip press panels.
Livingstone was engaged to conduct a process to refinance the Company’s existing senior debt facility, consisting of an asset-based revolver and two term loans. “After navigating potential financing options, Mountain Ridge emerged as the optimal choice after the lender provided a comprehensive solution that maximized liquidity for the Company. Livingstone’s dedication and skill in identifying a partner will allow Robert Weed to advance its strategic transformation plan driven by its recent leadership evolution,” said Will Weed, CEO of Robert Weed.
“The new facility provides the Company with a more supportive and cooperative lending partner as the Company continues to execute on its strategic initiatives,” added Tom Lesch, Partner at Livingstone.
This is Livingstone’s fourth debt advisory deal this year, including the successful transactions of Medicore, Micro Machining Group, and Nationwide Energy Partners.
