First Capital Provides $7.5MM ABL to Triunfo-Mex
First Capital announced it has provided a $7.5 million asset-based lending facility to Triunfo-Mex, a distributor of Hispanic products including candy manufactured at its Mexican affiliate. The credit facility is collateralized by the company’s accounts receivable and inventory.
“The financing request was referred by the company’s advisor at Cembrus Capital who was looking for a lender that could tailor a package to meet the special needs of Triunfo-Mex,” said Mark Orlando, senior vice president and business development officer. “We worked hard with both Cembrus personnel and company management to create the preferred solution which provided the most flexible terms and greatest amount of liquidity to support business growth.”