Busche Performance Group (BPG) announced that it has secured $150 million with the completion of a senior secured credit facility. Along with a substantial equity infusion from its shareholder group, BPG says it has now completed its planned capital structure. This will materially strengthen the company’s balance sheet, enhance its working capital position and will create opportunity for future growth.

Busche Performance Group is one of the largest vertically integrated casting and machining suppliers of high-quality chassis components in North America. As a leader in the design and manufacturing of complex and safety-critical aluminum castings and associated precision machining found in automotive systems such as chassis, suspension, engine, and driveline, along with agricultural, construction, industrial and refrigeration markets. BPG’s annual revenues are approaching $400 million, and the company employs nearly 1,500 people in 16 facilities throughout Indiana, Ohio, Michigan and Alabama.

BPG has selected Wells Fargo Bank and the Direct Lending Group of TCW Asset Management Company LLC as co-lenders to provide a maximum credit amount of $150 million. Wells Fargo will serve as the administrative agent and lead arranger for the revolving credit portion of the facility, while TCW will serve as the administrative agent and lead arranger for the term loan portion of the facility.

“We are proud to be working with Wells Fargo and TCW,” said Joe Perkins, CEO of Busche Performance Group. “Their belief in our vision was apparent through this short, efficient fund-raising process. With the support of all of our stakeholders, BPG now turns its full attention to growth, innovation and driving customer satisfaction. The strength of our capital structure provides the foundation for further casting and machining capacity as we drive innovative light-weighting solutions and distinguish ourselves as a leader in casting and precision machining technology.”