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First Niagara Provides $22MM Revolver to Sporting Goods Distributor

January 31, 2014, 07:00 AM
Filed Under: Distribution

First Niagara Commercial Finance (FNFC), the asset-based lending arm of First Niagara Financial Group, Inc., announced that it has provided a $22 million secured revolving credit facility to a privately-owned Sporting Goods Distributor located in northwestern New York.  A portion of the proceeds were used to pay off existing bank debt with the balance made available to support the Company as it continues to execute on its growth initiatives.

“Our entire ABL team is thrilled to work with our new client” said Keith Broyles, National Director of Business Development.  “By creating a credit facility structure with the Company’s specific needs in mind, as well as our relationship-based approach to doing business, we have provided tools that should help the Company successfully grow its business in 2014 and beyond.

Dedham, MA based First Niagara Commercial Finance, provides asset-based and senior secured loans to middle market companies with credit requirements between $5 and $35 million.  With more than 150 years combined ABL experience, the team has the ability to customize its financing approach to properly line up with its clients unique and specific needs.

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