Senior Secured Credit Facility Upsize / Equity Co-Investment

Caprice Capital Partners, LLC acted as the Lead Arranger for the upsize of its existing credit facility with Eastern Communications Ltd. (“Eastern” or the “Company”), a leading provider of mission critical communications services in the Eastern US. Caprice has been an investor in Eastern since 2020 as lead credit investor and equity co-investor. The follow on investment more than doubled the size of the Company’s existing credit facility and was used to support Eastern’s acquisition of Marshalltown, Iowa based RACOM Corporation (“RACOM”), a leading emergency communications service and technology provider serving the Western US.

Both Eastern and RACOM have long and successful operating histories and have each served customers since the 1970’s. Together, the companies comprise one of the largest service and distribution platforms in the critical communications industry, establishing a truly national presence spanning 16 service locations from Seattle to New York City. “The ability to grow our partnership with Caprice is a natural extension of the working relationship we’ve built over the past several years,” said Michael Orzetti, CEO of Eastern Communications. “Amid the many variables at play when closing a sophisticated transaction, having a steadfast lending partner capable of navigating through multi-party lending dynamics in a reliable fashion provided comfort and sure footing.” 

“Eastern has been a massive success story in our portfolio and we are delighted to support this next chapter of the Company’s growth,” said Caprice Managing Partner Rich Thomson. “This transaction is a great example of Caprice’s ability to craft creative capital solutions and grow with founder-owned companies over time.”