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North Mill Capital Closes Three Transactions Totaling $4.55MM

January 29, 2013, 07:02 AM

Princeton, NJ-based North Mill Capital announced the firm recently closed three transactions totaling $4.55 million. Details of the transactions are as follows:

  • A $2.6 million credit facility to a processor and converter of protective and decorative packaging located in New Jersey. The total credit facility is comprised of a $1.8 million accounts receivable revolving line of credit and an $800,000 term loan. This allowed for repayment of the current bank debt in full and generated additional working capital.
  • A $750,000 accounts receivable factoring facility to a producer of custom molded parts and assemblies located in Wisconsin. Funds were utilized to provide working capital.
  • A $1.2 million accounts receivable and inventory credit facility to an importer and distributor of wines and spirits located in New Jersey. The credit facility gave the company additional working capital after it emerged from bankruptcy.


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