Headquartered in Vaughan, Ontario, Macrodyne Technologies Inc. is the largest hydraulic press manufacturing company in North America and has become a leader in automotive, consumer staples and aerospace sectors for over 30 years.
The Corporate Private Debt team concluded an additional financing transaction with Macrodyne by providing a credit facility to refinance higher-interest rate debt held by another party. Our loan provides the company more financial flexibility and frees up cash flow for rapid growth and investment post-COVID-19.
The company has a strong relationship with Fiera Private Debt, who provided patient capital through the pandemic. The transaction illustrates Fiera Private Debt’s support for borrowers and willingness to provide additional financing ahead of an economic recovery.