Alpine Ridge Funding closed a $5 million senior secured credit facility to a logistics provider of importing, freight forwarding and warehousing services nationwide and globally. The facility was used to refinance existing senior debt and will be utilized for working capital purposes to achieve growth/operational objectives.
“This opportunity was an ideal fit for ARF in that it was consistent with our objective to provide meaningful, flexible capital solutions to well operated businesses with strong management teams,” Patrick Eakins of Alpine Ridge Funding said. “We are excited for our partnership with the borrower and look forward to seeing their continued growth potential as a result of the finance facility.”
