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North Mill Capital Provides $16MM to Stanley Furniture

May 02, 2018, 08:02 AM
Filed Under: Manufacturing

North Mill Capital closed a $16 million asset based credit facility with Stanley Furniture, Inc.,a designer, manufacturer and distributor of middle to high-end wood residential furnishings. Founded in 1924, their products can be found in stores all over the world.

The credit facility was comprised of a revolving line of credit with advances on receivables and inventory. The total credit facility also included a term loan. The funds were used to pay off existing shareholders to take the company private and provide ongoing working capital.

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