CORE Business Credit

CORE Funds $8 million Credit Facility - Moosejaw Mountaineering

June 09, 2010

CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Moosejaw Mountaineering, a leading multi-channel retailer of premium quality outdoor apparel and equipment. Headquartered in Madison Heights, MI, Moosejaw currently serves its customers through seven retail stores in Michigan and Illinois, a significant online business as well as seasonal catalogs. The financing will be used to fund working capital requirements as well as other potential growth opportunities. Moosejaw is a portfolio company of Parallel Investment Partners and Glencoe Capital.

Moosejaw CEO Harvey Kanter stated "We are pleased to have established a new revolving line of credit with Core. The new facility provides Moosejaw with additional capital to continue its rapid growth as a leading multi-channel retailer as well as to more aggressively pursue additional growth initiatives to continue capturing customers and market share."

CORE EVP Milton Iskra stated, "We are excited to have the opportunity to support Moosejaw. The Company has an outstanding management team, unique marketing strategy and very exciting brand. We look forward to assisting the company in its continued growth and success."
CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

About Parallel Investment Partners. Parallel Investment Partners is the leading institutional private equity firm focused exclusively on investing in North American lower middle-market growth companies. Parallel manages over $400 million of institutional private equity capital commitments and targets equity investments of $5 - $20 million. Since 1992, Parallel has successfully invested over $600 million of equity capital in 35 owner-operated growth companies.

About Glencoe. Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. The firm has completed over 30 acquisitions, representing over $1 billion of transaction value. Glencoe Capital currently manages two funds: the Glencoe Capital Michigan Opportunities Fund, L.P. and Glencoe Capital Partners III, L.P.




In The News: June 09, 2010 CORE Funds $8 million Credit Facility - Moosejaw Mountaineering MORE> May 19, 2010 CORE Funds $8 Million Credit Facility - Laser Pacific MORE> February 24, 2010 CORE Closes $12,500,000 Financing - The Grateful Palate MORE> January 15, 2010 CORE CONTRIBUTES TO HAITIAN RELIEF EFFORTS MORE> January 13, 2010 CORE Funds a $15.5 Million Credit Facility - Plastican, Inc. MORE> December 08, 2009 CORE Closes $24 Million Financing - Stronghaven, Inc. MORE> October 20, 2009 CORE Provides $10,000,000 revolving line of credit to a middle market lending and leasing company. MORE> October 07, 2009 CORE Closes $29 Million Transaction with The Longaberger Company MORE> September 15, 2009 CORE Closes $225 Million Line of Credit MORE> April 01, 2009 American capital announces the combination of three portfolio companies. MORE>	In the News.... CORE Funds $8 million Credit Facility - Moosejaw Mountaineering June 09, 2010 CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Moosejaw Mountaineering, a leading multi-channel retailer of premium quality outdoor apparel and equipment. Headquartered in Madison Heights, MI, Moosejaw currently serves its customers through seven retail stores in Michigan and Illinois, a significant online business as well as seasonal catalogs. The financing will be used to fund working capital requirements as well as other potential growth opportunities. Moosejaw is a portfolio company of Parallel Investment Partners and Glencoe Capital. Moosejaw CEO Harvey Kanter stated "We are pleased to have established a new revolving line of credit with Core. The new facility provides Moosejaw with additional capital to continue its rapid growth as a leading multi-channel retailer as well as to more aggressively pursue additional growth initiatives to continue capturing customers and market share." CORE EVP Milton Iskra stated, "We are excited to have the opportunity to support Moosejaw. The Company has an outstanding management team, unique marketing strategy and very exciting brand. We look forward to assisting the company in its continued growth and success." CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. About Parallel Investment Partners. Parallel Investment Partners is the leading institutional private equity firm focused exclusively on investing in North American lower middle-market growth companies. Parallel manages over $400 million of institutional private equity capital commitments and targets equity investments of $5 - $20 million. Since 1992, Parallel has successfully invested over $600 million of equity capital in 35 owner-operated growth companies. About Glencoe. Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. The firm has completed over 30 acquisitions, representing over $1 billion of transaction value. Glencoe Capital currently manages two funds: the Glencoe Capital Michigan Opportunities Fund, L.P. and Glencoe Capital Partners III, L.P.
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