Monroe Provides $50MM Credit Facility to KushCo Holdings

Monroe Capital acted as sole lead arranger and administrative agent on a $50 million senior secured revolving credit facility to support working capital, organic growth and potential acquisitions for KushCo Holdings._x000D_
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Founded in 2001 and based in Garden Grove, CA, the company is a producer of ancillary products and services to the cannabis and hemp industries. While the company provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD._x000D_
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“We’re excited to enter this high-growth industry with the company,” commented Ted Koenig, president & CEO of Monroe. “They are a best in class business in a unique position to take advantage of opportunities in this emerging business sector and we look forward to supporting their continued growth and capital needs.”