Tide Rock Secures $100 Million Line Of Credit For Working Capital And Expansion

Tide Rock, a growth-oriented holding company of diverse, economically resilient B2B businesses, today announced that its investment vehicle, Tide Rock YieldCo, LLC, has secured a $100 million syndicated revolving loan facility from California Bank & Trust (CB&T), a division of Zions Bancorporation, CIBC Bank USA, and Manufacturers Bank. The facility also includes an uncommitted accordion feature of $50 million, for a total borrowing capacity of up to $150 million. Zions Capital Markets acted as the Sole Bookrunner and Administrative Agent with CIBC Bank USA as Documentation Agent for this debt facility that will enable Tide Rock to continue its rapid expansion plans through unlevered strategic acquisitions.