Chicago Atlantic acted as sole arranger and administrative agent in the funding of a senior secured term loan for Nurture Life.
“Parents are increasingly looking for healthier, time-saving meal solutions for their children, and Nurture Life delivers on both,” David Enright, partner and head of direct lending at Chicago Atlantic, said. “Chicago Atlantic is thrilled to support the next chapter as they bring their trusted brand to reach more families nationwide looking for clean label options for their children. We’ve been continually impressed by their quality products, strong brand, operational control and proven unit economics.”
The loan will be used to refinance all current debt and provide working capital.
“From the start, Chicago Atlantic showed a genuine understanding of and commitment to Nurture Life’s mission to create a healthier world through better nutrition for kids,” Steve Minisini, co-founder and CEO of Nurture Life, said. “They moved quickly to structure a flexible financing solution that meets our needs today and supports our long-term growth plans. We’re excited to partner with a team that not only understands our business but is equally committed to helping us succeed.”
