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MidCap Financial and Avenue Sustainable Solutions Provide $165MM in Financing Facilities to Rubicon
Friday, June 9, 2023

Lenders/Participants MidCap Financial [Lender]
Avenue Sustainable Solutions [Lender]
Structure $75MM Term Loan; $90MM Revolving Credit Facility
Amount $165.000 Million
Borrower(s) Rubicon Technologies
Description The new $75 million term loan and revolving credit line of up to $90 million were secured through Avenue Sustainable Solutions and MidCap Financial, respectively, and provide significantly enhanced liquidity to the Company. Rubicon is confident that it has secured the required financing to take the Company through profitability and beyond, and remains on track to achieve its overarching goals of being profitable by the end of this year and generating positive Adjusted EBITDA for the fourth quarter of 2023, as well as for the full year 2024.
Industry Technology
Location NY
Related Tags MidCap Financial