Second Avenue Capital Partners (SACP), a Schottenstein affiliate, provided a $44 million revolving credit facility for Allstar Marketing Group, a consumer product development and marketing company. SACP was also the agent for an additional $6 million term loan to support Allstar’s growth initiatives.
The financing agreements reflect the confidence in Allstar Marketing Group’s growth potential and the strong partnership between the company and its lenders. With the additional capital, Allstar aims to leverage its core platform to accelerate growth through new market-driven opportunities and pursue strategic acquisitions.
“We are grateful for the trust and support shown by Second Avenue Capital Partners,” Scott Boilen, founder and CEO of Allstar Marketing Group, said. “This financing marks a significant step forward for our company, allowing us to further our product research and development, strengthen our market position and continue delivering innovative products that enhance consumers’ lives.”
The $50 million credit facility offers Allstar Marketing Group increased financial flexibility and liquidity, empowering the company to capitalize on emerging market opportunities and drive its long-term strategic vision.
“We are delighted to partner with Allstar Marketing Group in this significant financing endeavor,” Mark Gallivan, managing director of Second Avenue Capital Partners, said. “Their dedication to developing groundbreaking consumer products aligns perfectly with our vision for empowering companies to thrive in competitive markets. We are excited to see the transformative impact of this partnership.”
