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East West Bank Agents New $90MM Credit Facilities for Alpha Industries

December 03, 2020, 07:14 AM
Filed Under: Plastics
Related: East West Bank

On December 2, 2020, East West Bank and one participating lender closed on $90 million of new senior secured credit facilities, consisting of an asset-based revolver and term loan, for Alpha Industries Management, Inc. (“Alpha Industries”), a leading North American producer of plastic film products for consumer and industrial end markets. Alpha Industries, one of the largest privately-owned companies in the northeast United States, is a member of the Florida-based Sigma Plastics Group.

The new facility refinances existing loan obligations and provides liquidity for general working capital needs.

“East West Bank has a long-standing relationship with Alpha’s sister companies, and are now pleased to add Alpha, the flagship company, to the relationship. Alpha and its sister companies are the largest privately held flexible plastics business in the US, and have a great track record of solid performance over the years”, said Andrew Stein, Sr. Managing Director and Head of Commercial Banking Eastern Region for East West Bank.

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