The FirstLight team exceeded our expectations and did everything they said they would do.
OLD GREENWICH, Conn. (PRWEB) September 4, 2007
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 http://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 http://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.