Rosenthal Closes Multiple Factoring and ABL Deals with Food and Beverage Brands

Rosenthal & Rosenthal completed several factoring and asset-based lending deals for various food and beverage companies.

Rosenthal provided a $9 million total credit facility, consisting of a revolving line of credit and a term loan, to a well-known bakery business based in New York that was looking for an alternative lender after a frustrating experience with tier 1 banks.

“We were able to take the time to really understand the company’s position and their needs,” Robert Schnitzer, senior vice president of business development for Rosenthal’s Asset-Based Lending division, said. “Ultimately, our flexibility and persistence made Rosenthal a great fit and partner.”

In a sponsor-backed deal with a consumer-focused private equity fund, Rosenthal’s Pipeline division provided a $3.5 million facility against receivables and inventory to support a Massachusetts-based, ready-to-drink beverage company’s growth plans.

Rosenthal’s Pipeline division also provided a $1.5 million facility, lending against receivables and inventory, to support a Latin American-based Mexican food company’s working capital needs.

“We are pleased that Pipeline is able to back fast-growing, emerging brands in the food and beverage space and across the consumer sector to help them expand their product lines and build up their inventory,” said Andrew Barone, Director of Sales for Rosenthal’s Pipeline division.

In addition to the Pipeline deals, Rosenthal closed a $1 million recourse factoring deal with a Colorado-based e-commerce coffee company that was looking to expand into wholesale, allowing the client to meet the delivery windows for first shipments.

“Because we are able to move quickly without unnecessary red tape, the company was able to immediately take advantage of this large order and is now well positioned to add more wholesale customers in the future to support their growth plans,” Leigh Lones, Rosenthal’s Head of Recourse Factoring, said.