Deal Details
Hardinge Completes Debt Financing
Summary
Hardinge, Inc. (“Hardinge” or the “Company”), a portfolio company of Privet Fund Management LLC (“Privet”), recently completed the refinancing of its Revolving Credit Facility (“the “Facility”).
Baird served as exclusive debt advisor to Hardinge on this transaction.
About
Hardinge is a leading global designer and manufacturer of high precision, computer-controlled machine tool solutions developed for critical, hard-to-machine metal parts and of technologically advanced workholding accessories. The Company’s strategy is to leverage its global brand strength to further penetrate global market opportunities where customers will benefit from the technologically advanced, high quality, reliable products Hardinge produces. With approximately two-thirds of its sales outside of North America, Hardinge serves the worldwide metal working market. Hardinge’s machine tool and accessory solutions can also be found in a broad base of industries to include aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology and transportation. Hardinge has manufacturing operations in China, France, Germany, India, Switzerland, Taiwan, the United Kingdom and the United States. The Company is headquartered in Berwyn, Pennsylvania.Privet is a private investment firm offering flexible, long-term capital with the ability to effectuate investments across all levels of the capital structure, including going-private transactions. Privet was founded in 2007 and is based in Atlanta, Georgia.
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- Date
- November 2018
- Company
- Hardinge Inc.
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Machinery & Equipment
- Target Geography
- North America
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