SLR Business Credit Provides $10 Million Senior Secured Asset-Based Credit Facility to a European Foods Importer
SLR Business Credit (“SLRBC”) is pleased to announce the closing of a $10 million senior secured asset-based revolving credit facility to a European foods importer serving food service and grocer customers nationally (“the Company”).
The facility will help the Company meet working capital needs and address seasonal buying requirements. SLRBC worked closely with the Company’s management team to structure a creative financing solution that uniquely supports the company’s working capital needs as it continues to grow.
“We’re thrilled to partner with the Company in what we believe is the beginning of a long-term relationship,” said David Braff, Managing Director at SLR Business Credit. “This is a mature business that is adapting to changing market conditions. We’re excited to support their financing needs with a facility designed to provide both flexibility and certainty.”
About SLR Business Credit
SLR Business Credit, a portfolio company of SLR Investment Corp. (NASDAQ: SLRC), is a leading provider of asset-based lending solutions for middle-market companies. With a focus on delivering flexible capital structures of up to $250 million, SLR Business Credit supports growth, working capital, and acquisition financing across a broad range of industries. Learn more at www.slrbusinesscredit.com.
For more information, please contact:
Dan Tortoriello
Executive Vice President - COO
609.917.6202
Dant@slrbusinesscredit.com