Rosenthal Capital Group Closes $6MM ABL Facility for Frozen Specialty Seafood Company

Rosenthal Capital Group (RCG) completed a $6 million asset-based loan facility for a family-owned and operated frozen specialty seafood company based in Florida. 

When the company’s current lender changed its lending parameters, the client had to change course. A regional asset-based lender knew of RCG’s expertise in the seafood industry and introduced them to client’s senior management. RCG moved quickly to structure a $6 million asset-based loan backed by accounts receivable and inventory, providing the company with essential working capital. The deal was well-collateralized and guaranteed by three primary stockholders. Additionally, RCG’s involvement enabled the company’s existing lender to remain in place on the real estate term loan.

“In all of our transactions, we make a point of looking beyond just the numbers on a balance sheet and a company’s past performance,” said Gene Walsh SVP and Business Development Officer at RCG. “We truly try to understand the challenges that a business is facing in the marketplace, and as a family-owned and operated business ourselves, we understand what it takes to keep growing and scaling for future generations.”