WhiteHawk Capital Partners Provides $68.5 Million Credit Facility to Boxlight Corporation
01/06/2022 - 12:43 PM
LOS ANGELES --(BUSINESS WIRE)--
WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with Boxlight Corporation (Nasdaq: BOXL) (“Company”) to provide a $68.5 million FrontRow Calypso LLC (“FrontRow”), refinances existing indebtedness and provides additional liquidity to continue to execute on the Company’s growth.
Boxlight Corporation develops, sells and services its integrated solution suite including interactive displays, collaboration software, supporting accessories and professional development services primarily to the K-12 education market in the U.S. and EMEA. FrontRow makes technology that improves communication in the learning environments including developing network-based solutions for intercom, paging, bells, mass notification, classroom sound, lesson sharing, AV control and management. The addition of FrontRow expands the Company’s product offerings and strengthens the value proposition to customers.
“WhiteHawk proved to be an invaluable partner. They understood our business and moved very expeditiously to a closing to support our acquisition and go-forward plan.” said Michael Pope , Chairman and CEO of Boxlight.
“Boxlight is a leader in the education technology sector that has demonstrated tremendous growth. WhiteHawk is pleased to support their acquisition of FrontRow, and continued organic growth, with a customized financing solution to help management achieve their goals.” said Bob Louzan , WhiteHawk Managing Partner.
About WhiteHawk Capital Partners
WhiteHawk Capital Partners, LP (“WhiteHawk”) is a private credit investment manager focused on asset-based financing solutions to the middle market public and private companies across a variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge and DIP/emergence.
For more information about WhiteHawk, please visit www.whitehawkcapital.com or contact info@whitehawkcapital.com .
View source version on businesswire.com : https://www.businesswire.com/news/home/20220106005769/en/
Tucker Hewes
Hewes Communications, Inc.
tucker@hewescomm.com
Source: WhiteHawk Capital Partners, LP
BOXL Rankings
#4899 Ranked by Stock Gains
BOXL Stock Data
Industry
Photographic and Photocopying Equipment Manufacturing
Sector
Manufacturing
Tags
Commercial Services, Miscellaneous Commercial Services, Manufacturing, Photographic and Photocopying Equipment Manufacturing
Country
US
City
Lawrenceville
About BOXL
boxlight brings powerful, integrated solutions that are unmatched in today’s education market. even more inspiring is where the company’s passion for learning will take educational technology, classroom educators, and students in the years ahead. founded in 1985, boxlight, a us owned and operated company, quickly became a leader in presentation technology, climbing inc. 500 lists and becoming synonymous with projection and display solutions for business, government, and education. mimio was founded in 1997 by way of five creative-thinking students at mit. by combining innovation with their passion for education, they created their flagship product, the ink capture system. in 2016, boxlight acquired mimio. together they are a leading global provider of technology in the classroom.
