Announcing the Closing of Second Lien Credit Facility
Polen Capital (“Polen”) is pleased to announce the closing of a senior secured second lien credit facility for Material Sciences Corporation (“MSC”), a leading designer and manufacturer of advanced materials and specialty metals processing based in Canton, Michigan. The facility was used to refinance existing indebtedness and provide growth capital for the business.
MSC, through its network of six facilities throughout the United States, is a processor and manufacturer of specialty metals and advanced materials serving the transportation, building products, packaging, and consumer goods industries. The company’s products provide light weighting solutions, corrosion protection, NVH (Noise Vibration Harshness) treatment, and aesthetic finishes for a diversified customer base. Funds and accounts managed by Polen Capital were positioned to provide the financing because of Polen’s long-standing relationship with the company and its management team, coupled with Polen’s deep experience investing in the metals industry.