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NXT Capital Closes Senior Credit Facility Supporting Shoreline Equity Partners’ Refinancing of Engelman’s Bakery

May 10, 2024, 07:35 AM

NXT Capital provided a senior credit facility to support Shoreline Equity Partners’ refinancing of Engelman’s Bakery. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.

“We are pleased to close our second consecutive transaction with NXT Capital in 2024,” stated Mike Hand, Co-Founder and Managing Partner, Shoreline Equity Partners. “The NXT Capital team continues to demonstrate great expertise and innovative, flexible solutions throughout the entire process.”

Engelman’s Bakery is a wholesale bakery offering a complete line of fresh and frozen bread products primarily to restaurants across the Southeast. Founded in 1983 and headquartered in Norcross, Georgia, the company serves over 1,000 customers through an extensive delivery network of both company-owned trucks and trusted distribution partners.

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