Candlewood Partners is pleased to announce the successful closing of a new asset-based revolver and term loan for a home goods distributor.
The Company required asset-based financing to provide for both short and long-term needs as management sought to execute on strategic initiatives. After reviewing several term sheets, Candlewood and the Company selected Entrepreneur Growth Capital (EGC) as the preferred lender. Candlewood and EGC put together a two-pronged solution that leveraged both the Company’s current and fixed assets. These facilities provided the Company with the operating flexibility it needed while also keeping borrowing costs reasonable.
About the Client
The Company is a Midwest-based distribution business, selling home goods through E-commerce platforms and big-box retailers.
About Candlewood Partners
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.