Tiger Finance has provided a $40 million commitment to bolster the liquidity position of Fender Musical Instruments, a musical instrument manufacturer, marketer and distributor.
The new $40 million credit facility by Tiger closed on Aug. 18. It is an incremental five-year commitment that supplements a senior revolving credit facility to FMIC by JPMorgan.
“This additional working capital enhances Fender’s ability to manage its business with greater agility,” Andy Cerussi, senior managing director of Tiger Finance, said. “It reflects the growing role of flexible capital solutions in supporting strong, innovative companies in today’s dynamic business environment.”
Matt Janopaul, chief financial officer of Fender, said, “As the leader in our industry, Fender is always working to optimize our capital structure to support strategic initiatives and continued global expansion. Compared to traditional FILO products, Tiger’s flexible capital solution was aligned with our proactive approach to treasury management.”
