The RiteScreen Company, LLC, a manufacturer of patio door and window screens in North America, announced it successfully completed a refinancing and has entered into a new credit facility with U.S. Bank N.A.

RiteScreen will use the proceeds, along with operating cash flow, to repay its existing debt, pay a dividend to Seven Point Equity Partners and its investors, invest in new product development, and fund working capital needs.

“Our partnership with U.S. Bank provides us with the liquidity to execute on our growth strategy of geographic expansion and weather any potential for variable market conditions,” said RiteScreen’s CEO Tom Himmel.

The new credit facility provides an additional $18 million in committed, but undrawn, capital to enable the company’s growth trajectory and to provide the opportunity for significant capital availability in the coming years. With the new facility, RiteScreen remains a conservatively capitalized company.

“RiteScreen’s new capital structure provides a solid balance sheet foundation for growth [this next decade],” said Seven Point Partner Mark Kammert.

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