Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the transportation, motive power, essential power, and military and government sectors. Stryten powers everything from submarines to subcompacts, warehouses, distribution centers, cars, trains and trucks. The Company’s stored energy technologies include advanced lead and lithium batteries, intelligent chargers and cloud-based software that keep people on the move and supply chains running. Learn more at stryten.com.
Atlas Holdings acquired select North American assets of a former battery manufacturer in a 363 sale in 2020, forming Stryten Energy. Since the initial acquisition, Atlas and the Company have continued to invest in modernizing operations and sought financing in 2021 to recapitalize the business and provide incremental liquidity for future investments.
SLR Credit Solutions provided a $52,500,000 commitment as a co-lender in a $105,000,000 facility, comprised of a $75,000,000 Term Loan and a $30,000,000 Delayed Draw Term Loan. The Company’s leading market position, significant barriers to entry and strong cash flows supported the underwriting.