WhiteHorse Capital Provides a First-Lien Term Loan to Tensar Corporation
STAMFORD – January 15, 2021 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management, provided a new first lien term loan to Tensar Corporation (“Tensar” or the “Company”). Founded in 1983 and headquartered in Alpharetta, GA, Tensar is a leading provider of soil stabilization products and foundation reinforcement solutions.
“We were impressed with the WhiteHorse Capital team and their ability to move quickly to structure a transaction specifically to meet our needs. We look forward to continuing our partnership as we grow our business,” said Thierry Amat, Chief Financial Officer of Tensar.
Gina Provenzale, Managing Director at WhiteHorse Capital, added, “We are excited to be a partner for Castle Harlan and Tensar. We look forward to further supporting the Company and management team as they execute their growth strategy.”
About Tensar Corporation
Based in Alpharetta, GA, Tensar is a leading provider of soil stabilization products and foundation reinforcement solutions through its geogrid and geopier segments. The Company’s geogrid products are used to enhance the construction of roadways and other applications, while its geopier segment provides customized design solutions for structural foundations through its team of engineers. Please visit www.tensarcorp.com.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $43 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. For more information, please visit www.whitehorsecapital.com/main.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.