The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Republic Provides $6.5MM Credit Facility to Gulf Coast Food Manufacturer
Wednesday, December 11, 2019
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Lenders/Participants
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Republic Business Credit [Lender]
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Structure
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Receivables Line of Credit
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Amount
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$6.500
Million
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Borrower(s)
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Undisclosed
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Description
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A Receivables Line of Credit facility with no covenants or cash flow requirements. Republic’s ongoing funding will be used for the purchase of raw materials, equipment and to invest in their distribution assets. The company is planning to increase their revenue by 300% in 2020 and see their first months of profitability. Transaction details not disclosed.
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Industry
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Food Production - Processing
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| Related Tags |
Republic Business Credit
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2020
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