Brigade Capital Management LP
04/13/2026 | Press release | Distributed by Public on 04/13/2026 07:42
Brigade Closes $52MM Senior Secured Term Loan to Cedar Electronics
Brigade has successfully closed a $52MM Senior Secured Term Loan to Cedar Electronics ("Cedar"), a portfolio company of the direct lending platform of CIFC Asset Management ("CIFC") and the TCW Private Credit Group ("TCW"). The proceeds were used to refinance existing debt facilities and support the company's ongoing growth initiatives. In addition, Brigade Agency Services LLC is serving as Administrative Agent. Hue Vuong, Director at Brigade, commented, "Cedar Electronics, with its two iconic brands, Escort Radar and Cobra Electronics, has built a strong reputation for high-quality products and technology innovation across its categories. We are pleased to partner with the Cedar management team and CIFC and TCW to support the company as Cedar enters its next phase of growth".
"This is an exciting moment for our company. We have the right products, the right team, and now the right financial foundation to further accelerate our growth", said Jonas Forsberg, CEO, Cedar Electronics. "Our partnership with Brigade allows us to squarely focus on our customers and on building a business that serves them better every year".
Headquartered in Rolling Meadows, IL, Cedar Electronics is a leading designer and manufacturer of advanced radio communication equipment and automotive technology solutions for both consumer and professional markets. The company operates under its Cobra and Escort brands, delivering innovative product solutions.
Brigade Capital Management
Brigade Capital Management, LP ("Brigade") is a global asset management firm founded in 2006 with over $30.9 billion in assets under management. Brigade invests in public and private credit instruments using a bottom-up investment philosophy across a variety of diversified funds. As an SEC-registered investment advisor, Brigade is one of the largest independent alternative asset managers with a 50-person investment team. Founded by Donald E. Morgan III (CIO and Managing Partner), Brigade is headquartered in New York with a global footprint that includes an office in London.
Brigade Private Credit
Brigade's dedicated private credit team ("BPC") provides bespoke financing solutions to middle-market companies across a broad range of industries. BPC provides senior term loans, asset-based loans, first-in-last-out, and second lien/mezz term loans, as well as minority equity capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings, and leveraged recapitalizations.
"This is an exciting moment for our company. We have the right products, the right team, and now the right financial foundation to further accelerate our growth", said Jonas Forsberg, CEO, Cedar Electronics. "Our partnership with Brigade allows us to squarely focus on our customers and on building a business that serves them better every year".
Headquartered in Rolling Meadows, IL, Cedar Electronics is a leading designer and manufacturer of advanced radio communication equipment and automotive technology solutions for both consumer and professional markets. The company operates under its Cobra and Escort brands, delivering innovative product solutions.
Brigade Capital Management
Brigade Capital Management, LP ("Brigade") is a global asset management firm founded in 2006 with over $30.9 billion in assets under management. Brigade invests in public and private credit instruments using a bottom-up investment philosophy across a variety of diversified funds. As an SEC-registered investment advisor, Brigade is one of the largest independent alternative asset managers with a 50-person investment team. Founded by Donald E. Morgan III (CIO and Managing Partner), Brigade is headquartered in New York with a global footprint that includes an office in London.
Brigade Private Credit
Brigade's dedicated private credit team ("BPC") provides bespoke financing solutions to middle-market companies across a broad range of industries. BPC provides senior term loans, asset-based loans, first-in-last-out, and second lien/mezz term loans, as well as minority equity capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings, and leveraged recapitalizations.
Brigade Capital Management LP published this content on April 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 13, 2026 at 13:42 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]