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Concord Financial Assists Food Manufacturer in $80MM Facility

April 16, 2013, 09:14 AM
Filed Under: Manufacturing

In a recent press release, Concord Financial Advisors announced it assisted a food manufacturing seeking to replace its existing revolving credit facility with a new facility that would better support the company's growth and provide additional liquidity. Concord's assessment of the situation was that the company was strong, had a solid management team and could support a larger credit facility. The company subsequently retained Concord, exclusively, to procure a new senior lender.

After conducting a targeted search process to regional and national lenders, Concord secured an $80 million senior secured credit facility with a five-year term that provided additional borrowing base availability and a capital expenditure line of credit to support the company's growth initiatives. Concord closed the transaction in approximately 90 days.

Concord Financial Advisors is a financial intermediary specializing in private placements of senior debt and subordinated debt/mezzanine financing for middle market companies.

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