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UMB Capital Finance Continues to Fund Millions in Senior Debt Capital Needs

September 16, 2020, 08:55 AM

UMB Capital Finance continues to fund millions in senior debt capital needs with the recent closings of four asset-based credit facilities. These new secured lines with commitments in excess of $71.8 million provide further financing resources to Cedarlane Natural Foods, Inc., a manufacturer and distributor of low-fat, frozen vegetarian and vegan entrees; The O’Gara Group, Inc., a leading global security products and services company; R.E.L.A.M., Inc., a provider of MOW solutions; and Scott’s Liquid Gold, Inc., a company developing, marketing, and selling household and personal care products.

These long-term financing accommodations include a variety of customized products including revolving lines of credit, equipment term loans, cap-ex lines, and cash-flow loans. UMB Capital Finance’s comprehensive suite of product solutions will enable these clients to meet their working capital needs, refinance their existing debt, purchase additional equipment and exceed their business growth expectations.

Neil Holms, CFO, of Cedarlane Natural Foods, Inc., said: "The UMB team is a great group of professionals that have excellent knowledge in our business. Their ability to listen and work with their customers in good times and bad makes them stand above the rest."  

“After a thorough and careful selection process, we are pleased to enter into this new facility with UMB Bank,” said Dominic L. Hunter, Chief Financial Officer of O’Gara. “This new line of credit and banking relationship strengthens our balance sheet resources and supports our strategic growth initiatives for the foreseeable future.”

Zia Uddin, Partner of Monroe Capital stated: “We were highly impressed with UMB’s knowledge of the defense industry, and their ability to close quickly, especially considering the challenges of the COVID pandemic. The UMB team demonstrated flexibility and responsiveness to the Company’s business needs and will allow O’Gara to continue its growth.”

“We are excited about our new relationship and facility with UMB,” said Kevin A. Paprzycki, CFO and director of Scott’s Liquid Gold. “UMB demonstrated the capacity and flexibility that Scott’s needed, enabling us to close the Biz and Dryel acquisition during difficult financing markets. We are excited about entering into a long-term, value creating partnership with UMB.”

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