Bridge Finance Group Commits $26.5 Million Financing Package to Help Rockford Products Corporation Focus on Business Operations

August 08, 2007, 1:04 a.m. EDT 1 Min Read

CHICAGO, July 27 /PRNewswire/ -- Bridge Finance Group today announcedthe completion of a Debtor-In-Possession financing arrangement withRockford Products Corporation. The facility includes a $20.5 millionrevolving line of credit and a $6.0 million term loan. Rockford Products is an employee owned ESOP that manufactures anddistributes steel cold-formed components, fasteners and other relatedproducts. The company is based in Rockford, IL and has been in businesssince 1929. "This financing will allow us to focus on the operations of thebusiness. We anticipate a smooth transition into and out of bankruptcy withthe help of Bridge," said Ray Wood, Rockford Products President and CEO. "Bridge Finance Group expects Rockford to exit a much stronger companyand better poised to build enterprise value and service its customers,"said Randy Abrahams, President and Chief Executive Officer of BridgeFinance Group. ABOUT BRIDGE FINANCE GROUP Bridge Finance Group offers a combination of comprehensive loanproducts, decades of financial expertise and an unparalleled serviceapproach unique to the lending industry. Through accounts receivable, cashflow and real estate based term loan lending products, Bridge is able toaddress the differing capital needs of its customers. Bridge is based inChicago, Illinois with offices in the Northeast, Southeast, and West Coast.

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