SLR BUSINESS CREDIT PROVIDES $5 MILLION SENIOR SECURED ASSET-BASED CREDIT FACILITY TO VALHALLA FUELS
SLR Business Credit (“SLRBC”) is pleased to announce the closing of a $5 million senior secured invoice financing credit facility to a fast-growing fuel transporter serving commercial customers in 15 States stretching from the East to West Coast. (“the Company”).
Erik Younger, CEO for Valhalla Fuels stated, “With SLR, we have found a financing partner to enable us to rapidly expand our customer base and our supply and distribution footprint across the US.”
The facility will enable the Company to meet working capital needs driven by 10-day vendor terms typical of the industry, and to support continued growth. SLRBC worked closely with the Company’s management team and advisor to structure a creative financing solution that uniquely supports the company’s working capital needs as it expands.
“We’re happy to partner with this growth-oriented business and to make flexible financial support available to the management team,” said David Braff, Managing Director at SLR Business Credit. “We are excited to play a critical role in the Company’s growth trajectory as they are able to take advantage of SLRBC’s adaptable working capital facility.”
“Through this dynamic funding with SLR, we will have the ability to both open new markets and create innovative, value-add services to give our customers real-time order/inventory visibility, accurate and timely billing and “high touch” customer service—nationwide”, said Gary Bevers, COO at Valhalla Fuels.
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
About Valhalla Fuels, LLC
Valhalla Fuels is a Transportation Fuels Supply, Marketing & 3PL Distribution Logistics company delivering creative, cost-effective fueling solutions. Founded in 2021, Valhalla’s principals have over 55 years of combined downstream experience in fuel buying, supply and distribution logistics management. The company specializes in fueling Heavy Construction, Oil & Gas/Wellhead, Transportation and Large Retailers. Valhalla Fuels is a certified SDVOSB (Service-Disabled Veteran Owned Small Business). For more information, visit www.valhallafuels.com.