Fundz

Tide Rock Secures $100 Million Line Of Credit For Working Capital And Expansion

PRIVATEMay 09, 2023

Amount Raised

$100 Million

Round Type

Funding Round

San DiegoOtherFinancial Services

Description

Tide Rock, a growth-oriented holding company of diverse, economically resilient B2B businesses, today announced that its investment vehicle, Tide Rock YieldCo, LLC, has secured a $100 million syndicated revolving loan facility from California Bank & Trust (CB&T), a division of Zions Bancorporation, CIBC Bank USA, and Manufacturers Bank. The facility also includes an uncommitted accordion feature of $50 million, for a total borrowing capacity of up to $150 million. Zions Capital Markets acted as the Sole Bookrunner and Administrative Agent with CIBC Bank USA as Documentation Agent for this debt facility that will enable Tide Rock to continue its rapid expansion plans through unlevered strategic acquisitions.

Quick answer

Tide Rock Holdings raised $100 Million in a Funding Round round, dated May 9, 2023. Tide Rock Holdings is based in San Diego, California, United States.

How much did Tide Rock Holdings raise?
Tide Rock Holdings raised $100 Million in a Funding Round round on May 9, 2023.
What does Tide Rock Holdings do?
Tide Rock Holdings is a private equity firm based in San Diego.
Where is Tide Rock Holdings based and how big is it?
Tide Rock Holdings is based in San Diego, California, United States.
Who are the decision-makers at Tide Rock Holdings?
Fundz holds 1 contact at Tide Rock Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Tide Rock Holdings that raised within 45 days of this round, from Fundz verified event records.

  • Omnevue raised $3.1M (Seed) on June 22, 2023.
  • StretchDollar raised $1.6M (Pre-Seed) on June 22, 2023.
  • SOS raised $7.6M (Funding Round) on June 22, 2023.
  • Cogs AI raised $530K (Seed) on June 22, 2023.
  • Navadhan raised $1.5M (Seed) on June 21, 2023.
  • Kafene, Inc. raised $13M on June 21, 2023.

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Company Information

Company

Tide Rock Holdings

Location

1953 SAN ELIJO AVE.

San Diego, California, United States

About

Tide Rock Holdings is a private equity firm based in San Diego. It has a strong focus on acquiring recycling companies and has an extensive portfolio in the recycling and ITAD sectors. Tide Rock is dedicated to integrating acquired companies strategically to expand customer base and market share.

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