Philadelphia, PA, July 28, 2015 - LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided $97.0 million of senior secured credit facilities to support the combination of Monomoy Capital Partners' portfolio companies, Escort Inc. ("Escort") and Cobra Electronics Corp. ("Cobra"), under a new holding company structure with Cedar Electronics Holdings Corp. ("Cedar") as the new parent company. Proceeds were used to refinance existing indebtedness, fund a distribution to shareholders and pay related fees and expenses. 

LBC Credit Partners served as Agent and Sole Lead Arranger for the senior secured credit facilities.

Escort is the industry leader in high-performance ticket protection devices in North America with its premium-priced Passport product line, its value-priced Beltronics radar detectors and its Escort Live app for iOS and Android systems. Escort's Passport Max is the most technically sophisticated radar detection system in operation and consistently receives the highest awards from industry observers. Escort designs and manufactures many of its products in Ontario, Canada and is the leading seller of ticket detection products on Amazon. 

Cobra is a leading global designer and distributor of consumer electronic products. Cobra is a market leader in the two-way radio, radar detector and citizens band radio sectors. In addition, the company also offers marine radios, power inverters, dash cams and other portable electronics and has expanded many of its product lines into Europe. The Consumer Electronics Association, Forbes and Deloitte have all recognized Cobra for the company's innovation and industry leadership. 

Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital in a family of private equity funds that primarily make controlling investments in middle market businesses in manufacturing, distribution, consumer products and foodservice. Over the past ten years, Monomoy funds have closed over 40 middle market acquisitions, and their companies have produced over $2 billion in combined sales and employed more than 10,000 associates across four continents, from North America to Asia. Monomoy implements customized business improvement programs at its investments that reduce operating expenses, increase profitability and encourage growth. 

About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.75 billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and Greenwich. To learn more about LBC Credit Partners, visit www.lbccredit.com.

*Information as of June 30, 2015.