Castleray provides mezzanine financing solutions to viable middle market and lower middle market companies throughout North America. Such financings can be used for a variety of purposes, from acquisition financing to growth strategies. Such loans typically sit between senior lenders and equity, on the capital stack. Because Castleray owns and operates companies, it is a great partner for such loans as it typically structures such loans in an operator centric manner attempting to provide levels of flexibility preferred by operators. Our loan sizes range from $10M to $1M. Underwriting is no-drama and adheres to conventional market terms. See the following case study.
Nelnet, Peterson’s corporate parent, sought to divest Peterson’s. An independent sponsor sought financing to close the deal and Castleray provided such financing, on a short timetable. The size of the loan was under $5M.