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LSQ Creates $30MM Credit Facility, AR Management Program for New York-based Pharma Company

July 27, 2023, 07:09 AM
Filed Under: Pharmaceuticals
Related: LSQ

LSQ originated a $30 million credit facility for a New York manufacturer, packager and distributor of pharmaceutical and consumer healthcare products. The company will utilize the facility to diversify its lender group, allowing the company to continue its growth trajectory.

In addition to the working capital, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

“Over the last year, we have seen quite a different credit environment and this deal is the perfect example of, by working with an existing bank partner, we can create an innovative financing solution to help a company grow,” said LSQ Chief Channel Development Officer Miguel Serricchio. “We appreciate the trust that the referral partner and the client has put in LSQ.”

“I was very impressed by the speed and efficiency of both the underwriting and execution processes,” said the company’s chief finance officer “Each member of the LSQ team was extremely professional and exhibited expertise at their trade. It was an excellent experience, especially considering the current economic climate.”

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