CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $48 million senior secured credit facility to support the acquisition of Atlas Material Testing Technology ("Atlas") by Industrial Growth Partners.
The financing consisted of a $24.0 million US credit facility and a €16.7 million European credit facility. Proceeds were used to fund the acquisition of Atlas, provide for general working capital needs, and to fund future growth strategies.