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NXT Capital Closes Unitranche Credit Facility in Support of Chef Merito’s Merger with La Fiesta

September 08, 2023, 07:11 AM
Filed Under: Distribution

NXT Capital provided a unitranche credit facility to support Chef Merito’s merger with La Fiesta. Chef Merito is a portfolio company of PNC Riverarch.
NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.

“NXT Capital moved quickly on the transaction and was flexible in addressing all of our needs.” said Brian Blake, Director, PNC Riverarch. “We look forward to partnering with them on future deals”.

Chef Merito manufactures and distributes branded seasonings, marinades, spices and pastes focused on the Hispanic segment sold through independent and traditional retailers primarily in Southwest region.

La Fiesta is a distributor of packaged spices and herbs primarily serving the U.S. Hispanic population through a Direct Store Delivery to the Southwest region.


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