Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, acted as administrative agent and is the sole lender on a $165 million senior secured credit facility for Diesco Industries, a family-owned beverage and integrated packaging and bottler producer based in the Dominican Republic.
The financing will be used to refinance Diesco’s existing debt while providing flexibility for its continued growth and expansion.
“Comvest Credit is committed to providing responsive credit financing solutions directly to well-positioned market leaders within our industries of focus,” Tom Goila, partner at Comvest Credit, said. “Diesco is a top producer of diverse and growing beverage and packaging brands in the Caribbean. We are pleased to provide a flexible facility that addresses the company’s strategic goals.”
“Comvest Credit was able to serve as the single-source provider of the facility size we sought to support our business objectives,” Manuel Diez, founder and CEO of Diesco, said. “In addition to its capital support, the team ran an efficient process and got the deal done on an extremely aggressive timeline, which put us in excellent position to execute our strategic plan as we start the new year. As always, we remain committed to innovation, high-end performance and meeting evolving consumer needs.”
