Tuesday January 15, 2013

Hammond’s Gets $14.9 Million Investment

Arlington, VA — MCG Capital Corp. has invested $14.9 million in Hammond’s Candies Since 1920 II, LLC in conjunction with Hammond’s purchase of The Virginia Food Group, Inc.’s Old Dominion Peanut Co.

Hammond’s Candies CEO Andrew Schuman says: “MCG was instrumental in helping design the framework and capital structure that best fit the transaction for Hammond’s. Their input was invaluable and they certainly did their homework on us and the target.”

The investment was in the form of a subordinated term loan and a senior secured term loan and revolving credit facility.