Harpeth Capital is pleased to announce the placement of a $15 million senior credit facility for Osprey Sands dba Osprey Minerals Mine from Synovus Bank.

Based in Mt. Croghan, South Carolina (just over the border from North Carolina), Osprey Sands is a surface sand mine that digs, washes, processes and mixes concrete, mortar, and asphalt in addition to dozens of specialty sands (e.g., for golf courses). Since its founding in 2018, the company has accumulated ~971 contiguous acres, of which ~595 acres are minable to 105 feet with an estimated 108 million tons of saleable sand. Osprey Sands primarily serves the growing Charlotte market – concrete and asphalt infrastructure companies – along with golf and athletic facilities, building contractors, and lawn and garden suppliers. The company’s website is www.ospreyminerals.com.

“We want to thank Harpeth Capital for quickly getting us in front of several potential financial partners and landing on an attractive term sheet,” said Ruth Mazurek, a founding principal. “Furthermore, we are excited to form a relationship with the team at Synovus Bank.”  Said Adam Landa, Managing Director at Harpeth Capital, “We greatly enjoyed the opportunity to work with Ruth and Jim [McFarland], amazing business partners who continue to explore opportunities to expand Osprey Sands’ holdings and offerings.”