North Mill Capital Closes $19MM Credit Facility for Allied West Paper

North Mill Capital closed a $19 million credit facility for Allied West Paper Corporation. The total credit facility was comprised of a $15 million revolving line of credit and a $4 million 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,” said Ray Ovanessian, CEO of Allied West Paper. “Throughout the process, they were problem solvers, not problem makers. We are enthusiastic to have them as our lending partner."

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