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.