Northpoint Commercial Finance provided a $15 million senior secured revolving line of credit to Conecuh Brands, which will use the proceeds to refinance existing indebtedness and support domestic and international growth.
Founded in 2014 and headquartered in New York, Conecuh is a producer and marketer of craft spirits with brands such as Clyde May’s Whiskey, Prospero Tequila and McConnell’s Irish Whisky.
“We are pleased to be entering into this new credit facility with Northpoint, which provides significant flexibility to fund our organic and strategic growth, including diversifying our portfolio of brands in additional segments of the industry,” Dennis Floam, CFO of Conecuh Brands, said. “The team at Northpoint took the time to understand the unique dynamics of our business. We look forward to expanding our relationship in the future.”
“Northpoint is pleased to play a role in supporting Conecuh with financing to help grow the company,” Robert Wagner, head of asset-based lending at Northpoint Commercial Finance, said. “We take a very nimble, personal approach to financing and every decision we make is based on what is best for each client’s business.”
