Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the closing of a $55 million senior secured term loan facility with AirBoss of America, the second largest rubber solutions and custom compounding company in North America. AirBoss is a publicly traded company on the Toronto Stock Exchange.

The Great Rock Capital term loan, together with the revolving credit facility agented by The Toronto-Dominion Bank, will refinance the company’s existing debt. The new term loan facility will leverage the value of their fixed assets to maximize liquidity.

“AirBoss is a world-class platform driven by the company’s strong management team and their commitment to innovation via research and development,” said Stuart Armstrong, CEO of Great Rock Capital. “This new credit facility will provide them with significantly increased financial flexibility and liquidity to support their strategic growth initiatives, and we look forward to being part of their future success.”