LBC Credit Partners Provides Senior Secured Term Loan to Support the Recapitalization of Cosmetic Essence

Sep 11, 2014
Deal announcements

Philadelphia, PA, September 10, 2014 - LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, agented a senior secured term loan to support the recapitalization of Cosmetic Essence, Inc. ("Cosmetic Essence" or the "Company"). Proceeds will also be used to fund the continued growth of the Company.

LBC Credit Partners was Agent and Sole Lender for the transaction.

Cosmetic Essence, Inc. is a leading provider of supply chain management services to the personal care products industry including research and development; package design and sourcing; manufacturing and filling; and packaging and assembly. The Company's product capabilities include the production of fragrances, cr?mes and lotions, and color cosmetics. With six world-class facilities on two continents, the Company supports its customers by delivering the highest quality products, service and operational flexibility throughout the entire supply chain.

About LBC Credit Partners

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With approximately $1.75 billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and Greenwich.