Backbone Capital Assists Northern Pacific Group with Recapitalization of Renters Warehouse

Backbone Capital Assists Northern Pacific Group with Recapitalization of Renters Warehouse

Backbone Capital assisted Northern Pacific Group on its recapitalization of portfolio company, Renters Warehouse, which is the largest independent provider of outsourced property management services in the U.S. managing over 10,000 properties nationwide. The financing structure was a senior Unitranch financing funded by a SBIC credit fund.