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North Mill Capital Provides $19MM in Growth Capital for Allied West Paper

March 17, 2020, 09:15 AM
Filed Under: Paper

North Mill Capital closed $19 million in new financing for Allied West Paper The total credit facility was comprised of a $15,000,000 revolving line of credit and a $4,000,000 equipment term loan. The proceeds were used to pay off the existing senior revolving and term loan lenders and provide additional working capital for growth purposes.

"The North Mill team was very responsive in understanding our needs. Throughout the process, they were problem solvers, not problem makers. We are enthusiastic to have them as our lending partner,: said Ray Ovanessian, CEO of Allied West Paper

Founded in 1989, Allied West Paper is an industry leading certified paper converter producing innovative and quality paper towel, napkin, bathroom and facial tissue products. They differentiate themselves with superior customer service for grocery and retail chains, as well as janitorial and foodservice distributors. 

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