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NewStar Business Credit Provides $5MM to Wine Importer

March 07, 2013, 10:15 AM
Filed Under: Distribution

NewStar Business Credit provided a $5 million revolving credit facility to Vinum Wine Importing and Distributing. Headquartered in Seattle, WA, Vinum distributes a variety of spirits and fine American wines and also imports and distributes fine wines from France, Portugal and Italy. The credit facility will be used to meet working capital requirements and provide expansion capital to support growth.

"Vinum needed a substantial line of credit to continue to grow and take advantage of the many opportunities in front of it - NewStar proved to be an ideal partner to team with. We couldn't be more pleased," stated Michael de Maar, president of Vinum Wine Importing & Distributing.

“As we continue our expansion in the Pacific North West, we are pleased to have this opportunity to develop a new lending relationship with Vinum,” stated NewStar EVP Milton Iskra. “We look forward to supporting their continued growth and success,” he added. NewStar’s Lisa Adams, SVP, originated the transaction.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $25 million.  Deal structures are flexible and tailored to meet client’s unique needs.  Funds can be used for a wide range of purposes, including strategic acquisitions, management buyouts, recapitalizations and refinancings, as well as, to support internal growth strategies.

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