Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities to von Drehle Corp. The credit facilities will provide refinancing of existing debt and equip the Company with working capital going forward.

Founded in 1974, von Drehle manufactures and distributes disposable towel and tissue products for the “away-from-home” market. Headquartered in Hickory, NC, the Company is one of the largest privately held towel and tissue manufacturers in the U.S. whose products can be found at industrial and commercial locations such as medical & governmental complexes, airports, and hotels.

This transaction was originated by Terry O’Grady, a Managing Director located in Sterling’s Chicago, IL office.