Daily News: October 9, 2013

North Mill Capital Provides ABL to Rainbow Book Company

North Mill Capital announced the funding of a $1.3 million asset-based lending credit facility, including accounts receivable and inventory, for Rainbow Book Company.

Funds were utilized to repay existing bank debt and provide additional working capital along with additional seasonal availability on inventory.

Rainbow Book Company is a distributor of fiction and non-fiction library books from pre-K level through high school.