Burnley Capital closed a $4 million asset-based revolving credit facility for Kanopy Brands to support the company’s growth and operations.
Kanopy Brands principally operates two children’s brands, Oliver & Rain and Mac & Moon. Kanopy Brands uses an omni-channel business model, which includes an online presence and relationships with retailers.
“We are pleased to provide this financing for a company that stands for high quality, sustainability and customer experience,” Daniel O’Rourke, CEO of Burnley Capital, said. “Kanopy has created two great brands with an extensive retail network as well as their online presence. Burnley Capital provided the company with additional liquidity to support future growth, and we are very excited about assisting their operations and expansion.”
“We’re excited to have the backing of Burnley Capital as we enter the growth phase of our business,” Chris Rork, CEO of Kanopy Brands, said. “The combination of financial products available to Kanopy gives us the confidence to aggressively grow our business. Burnley is much more than just a lender; they treat us like a partner and provide us valuable consultation.”
Burnley Capital is a Boston- and Minneapolis-based finance company focused on providing senior secured loans to middle-market companies across various industries, including the retail, consumer products and commercial and industrial sectors.
