Opus Bank is pleased to announce it provided:

Title: Western
Amount: $0
Month: February
Year: 2016

Western

Opus Bank’s Corporate Finance division partners with Capitala Finance Corp. to provide a unitranche debt facility as well as a revolving line of credit to support an investment by PWP Growth Equity in Western Window Systems

Overview of Transaction

  • Western Window Systems (“Western”) designs and manufactures windows and door products that create a unique balance of indoor and outdoor living by opening the inside space of a home or building to the outside.
  • The Western brand embodies innovative and high-quality products supported by its robust sales and marketing programs, sophisticated information technology, and customer service focus. The company’s unique culture is built around three key tenets: Excellence, Innovation, and Partnership.

Significance of Transaction

  • PWP Growth Equity is a private equity fund affiliated with Perella Weinberg Partners that invests in growth-oriented, lower to middle-market companies, primarily in the United States.
  • Opus Bank and Capitala Finance Corp. were able to provide a simplified term debt structure for the client (unitranche), which enables Western to be more focused on the continued growth of the business.

Opus Bank's Role

  • Opus Bank partnered with Capitala Finance Corp. to provide a unitranche debt facility. In addition, Opus Bank provided a revolving line of credit for working capital to further support the ongoing growth trajectory of the business.
  • Opus Bank was able to act quickly and close the transaction in less than 30 days of executing the proposal letter.

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