NXT Capital Backs 1-800-Radiator & A/C
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NXT Capital Backs 1-800-Radiator & A/C

1800radiator nfNXT Capital has provided $20 million in senior secured financing to recapitalize 1-800-Radiator & A/C. NXT was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.

1-800-Radiator & A/C is a distributor of aftermarket automotive heating and cooling parts. The company recently started offering fuel delivery products and plans to expand into additional part categories in the near future. 1-800-Radiator has over 200 franchised locations serving every major market in the US and Canada. The company was founded in 1982 and is based in Benicia, CA (www.1800radiator.com).

“NXT Capital proved to be an excellent partner for us in this deal. Their automotive and franchise experience made them the ideal partner not only to help us complete the transaction, but also to support our long-term growth initiatives,” said Eric Singer, Executive Vice President, 1-800 Radiator & AC. “We are very happy to have partnered with NXT and view this transaction as the beginning of a long term relationship.”

NXT Capital provides structured financing to middle-market and growth companies through its Corporate Finance, Equipment Finance, Real Estate Finance and Venture Finance groups, originating transactions directly on a national basis. NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. NXT Capital is led by former principals of Merrill Lynch Capital and was formed in 2010 by Stone Point Capital and the founding management team. The firm is based in Chicago with offices in New York, Atlanta, Boston, Charlotte, Dallas, Phoenix, San Francisco and Silicon Valley (www.nxtcapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-8-13

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