Altriarch Asset Management closed a $10 million senior revolving credit facility, with two $5 million accordions that can expand the facility up to $20 million, for a Texas-based invoice factoring company.
The facility will refinance the company’s existing senior facility and provide growth capital to support the continued expansion of its client base.
“We are pleased to provide a senior capital solution that supports a seasoned factoring operator as it scales,” Joe Menton, vice president at Altriarch, said. “Our approach combines financial flexibility with rigorous risk management, and we look forward to supporting the company’s continued growth.”
