American Nuts, a sponsor-backed company, was referred to Gibraltar Business Capital (GBC) for its strengths in working with financial sponsors. American Nuts is a California-based, vertically integrated importer and processor of nuts, seeds, dried fruit, and other bulk products to industrial and retail customers. The company also provides category management and merchandising services to grocery customers through its value-added distribution arm.

The company sought a funding partner to refinance an existing bank relationship and secure additional liquidity. GBC provided an $18MM senior secured credit facility to help the company further its growth and enhance related company initiatives. The acquisition of DSD Merchandisers in 2022 by American Nuts’ parent holding company enabled greater exposure to category management and value-added distribution, expanding its packaging and distribution across more grocery retailers.

Through its flexible, creative lending model, GBC provided a facility that included advances against accounts receivable, inventory, and equipment and a term loan to provide additional capital for the company to achieve its goals. Also notable was Gibraltar’s ability to work effectively with multiple stakeholders in the company’s capital structure.

“We are proud to have creatively structured a transaction that met everyone’s needs while simultaneously allowing the company to achieve its goals,” said Jim Marasco, Head of Originations at Gibraltar Business Capital. “As a non-bank asset-based lender, our strong reputation with financial sponsors is a key advantage for our clients, consistently allowing us to provide timely executions of complex transactions for portfolio companies.”