Daily News: June 6, 2017

AloStar Leads Syndicated Facility for Heritage Holdco


AloStar served as agent for a multibank revolving credit facility for Heritage Holdco, a national distributor of wholesale sports apparel based in Hebron, OH.

Heritage Holdco is a Schumacher Capital company.

“The team at AloStar worked with us to provide a financing solution which will allow us to focus on growing our business,” said Jeff Hurl, vice president of Finance, Heritage Holdco. “We couldn’t be more pleased with their services and look forward to strengthening our operations through this credit facility.”

Founded in 1982, Heritage Sportwear merged with Virginia T’s in 2013 and positioned itself as one of the largest suppliers of blank apparel and accessories in the industry. The company operates four warehouses across the country and currently delivers to 26 states.

“AloStar is committed to supporting businesses across America and this partnership is a great example of how we lend our expertise and talents to foster growth,” said Andy McGhee, president and CEO of AloStar.

AloStar Capital Finance offers capital and counsel to business leaders across America.