The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wintrust BC Closes $7MM ABL Line of Credit Supporting Acquisition of Leading Seafood Distributor
Wednesday, September 20, 2023
|
Lenders/Participants
|
Wintrust Business Finance [Lender]
|
|
Structure
|
Asset-Based Line of Credit
|
|
Amount
|
$7.000
Million
|
|
Borrower(s)
|
Undisclosed
|
|
Description
|
To support the acquisition of a Minnesota-based distributor of fresh and frozen seafood. The WBC line was used to close the initial acquisition and will be used to fund the company’s ongoing working capital needs. In addition to the new line of credit, the WBC team is also providing a full suite of Treasury Management products and services.
|
|
Industry
|
Distribution
|
|
Location
|
MN
|
ABL Advisor
Deal Tables
2023
|
|
|
|