Daily News: August 25, 2014

Capital Business Credit Provides ABL to Sabin Robbins

Capital Business Credit (CBC) announced it has provided an $8.8 million asset-based loan facility to Sabin Robbins Converting, a full service paper convertor located in Ohio. CBC assisted the equity sponsor Theca in the acquisition.

Under tight closing deadlines, CBC said it developed a multi collateralized credit facility to support the acquisition, while also satisfying Sabin’s daily operational requirements.

“As a non-bank lender, we were able to work with the equity team and Sabin to customize a financing solution that met Sabin’s uniquely specific needs. Given the tight closing schedule, I’m also pleased that we were able to exceed the client’s expectations.” said Marc Adelson, president and chief executive officer of Capital Business Credit.