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OLD GREENWICH, CONN. June 19, 2007 – FirstLight Financial Corporation (“FirstLight”) announced today that it served as lead arranger of a $90 million senior credit facility for Atlas Holdings LLC and Blue Wolf Capital Management LLC. FirstLight will also be the Administrative Agent for the first lien credit facility.
The credit facility consists of a $25 million revolver, a $40 million term loan and a $25 million second lien loan. The facility will be used to acquire Finch, Pruyn & Company, a manufacturer of premium paper located in upstate New York.
“FirstLight was able to underwrite and commit to this deal in a short time frame, which was a top priority,” said Andrew Bursky, Managing Partner of Atlas Holdings. “We’re very pleased with their flexibility and how quickly they were able to get this deal done.”
“We are very excited to have completed our first deal as lead arranger so soon after we started the business,” said Ron Carapezzi, President & CEO of FirstLight. “This is a great example of the types of deals we hope to do more of in the future.”
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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