FrontWell Capital Partners closed a $25 million secured credit facility with Borealis Foods, a food technology company with a mission to serve growing consumer needs and global food challenges through its development of nutritious, healthy and affordable ready-to-eat meals.
The facility, comprised of a revolver and a term loan, will be used by Borealis to refinance its existing debt and provide additional working capital liquidity to support Borealis’ growth and expansion.
“We are pleased to partner with Borealis to provide a flexible financing solution that will enable Borealis to capitalize on the significant growth opportunities ahead as the company continues to develop cutting-edge solutions to tackle global food challenges,” Patrick Dalton, CEO of FrontWell, said.
“We appreciate FrontWell’s creative approach to structuring a cross-border capital solution that will allow our company to execute on a business plan that includes significant growth objectives and global expansion,” Reza Soltanzadeh, CEO of Borealis, said.
