Keltic Financial Services announces the completion of a $2,500,000 revolving line of credit and $160,000 term loan for Lighting Components and Design, Inc.

June 8, 2010

Headquartered in Deerfield Beach, FL, LC&D designs, manufactures and markets products worldwide under the Leecraft ® and Littelites® trade names.  The company provides a wide range of Standard and Custom Designed Lampholders, Indicator Lights, LED Modular Arrays, Circuit Board Indicators, Wiring Harnesses and Assemblies.  LC&D recently completed a multi-million dollar expansion by increasing its floor space by over 75%, increasing warehouse capacity through automation, and more than doubling total production capacity to meet increased present and future demands for products.

LC&D was seeking a lender who would work well with its private equity investor and mezzanine lender and turned to Keltic Financial Services.  Keltic Financial Services’ leadership team met with LC&D’s management team, investor group and mezzanine lender to better understand the company’s future growth strategy.  Having decision makers engaged from all companies, from early on in the process, helped to facilitate a reasonable intercreditor agreement and swift closing of a $2,660,000 revolving line of credit and term loan facility for LC&D.

“Keltic has been great to work with; very responsive and reasonable.”

Gina M. Zamarelli, President