Great Rock Capital Closes $75MM Credit Facility for Pacific Ag
Liquidity to drive growth and market expansion
WESTPORT, Conn., June 3, 2025 /PRNewswire/ -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it closed a $75 million senior secured credit facility for Pacific Ag, North America's largest crop residue harvesting and supply company. For nearly 30 years, Pacific Ag has been a trusted partner to the agriculture sector, recognized for its reliability, quality assurance, and consistent supply of crop residue & forage products and services.
The new capital refinanced the company's existing senior debt, supported a strategic acquisition, and will provide Pacific Ag with additional liquidity to support their growing platform. The bespoke debt facility includes a revolver, a term loan, and a delayed draw term loan.
"Pacific Ag has pioneered large scale harvest and supply of crop residue in North America, providing additional income for growers and innovative feedstock solutions for its end-use markets," said Bill Levy, Founder and CEO of Pacific Ag. "Today, with the support of Great Rock Capital's credit facility, we streamlined support for operations, expanded our footprint and service offerings, and are well-positioned to capitalize on the growth opportunities that lie ahead."
"Great Rock is pleased to provide this successful company with new growth capital to execute on their strategic initiatives," said Stuart Armstrong, CEO of Great Rock Capital. "We look forward to working with this best-in-class management team, as they expand their industry footprint and continue to provide superior feedstock solutions to their customers."
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $15MM to $150MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners, a private equity business and a large institutional investor. To learn more, visit www.greatrockcapital.com.
About Pacific Ag
Pacific Ag is North America's largest harvester and marketer of crop residue, operating the largest harvest fleet globally. Working with 1,000's of growers, Pacific Ag has harvest operations in or ships product to 27 US States and 2 Canadian Provinces. For more than 27 years, Pacific Ag has been committed to pioneering solutions that create value and sustainability through agriculture, while strengthening rural economies. To learn more, visit www.pacificag.com.
Great Rock Capital Contact:
Jenn Cronin
Managing Director, Marketing and Business Development
(203) 557- 6277
cronin@greatrockcapital.com
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SOURCE Great Rock Capital