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OLD GREENWICH, CONN. 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.
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