Daily News: July 23, 2014

GemCap Funds $5.9MM for Orthodontic Manufacturer

GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies. The facility is comprised of a term loan secured by machinery and equipment and a revolver against A/R and inventory. It provides the company with cash availability for working capital to operate and grow their business.

Revitalization Partners was engaged by the company to find a replacement lender for their existing credit facility and to maximize their borrowing availability.

“We were impressed by the flexibility that GemCap provided to close this loan,” said Bill Lawrence, Principal of Revitalization Partners. “We enjoyed working with GemCap and we are pleased that GemCap provided this facility for our client.”

“This is an innovative Company and we are excited to help support their growth,” said Richard Ellis, co-President of GemCap.