Daily News: July 30, 2013

King Trade Provides $11.5MM Financing to Distribution Company

King Trade Capital announced it provided an $11.5 million trade finance solution for the seasonal needs of a public accessory distribution company executing a restructuring plan. King Trade said it offered a solution in conjunction with a $30 million ABL facility.

King Trade Capital said it worked quickly and creatively, collaborating with Salus Capital Partners to structure a complimentary solution that provides the company with the liquidity to support the core business as well as the seasonal spike without diluting shareholders.