Daily News: August 23, 2018

Cedar Croft Secures $17MM Revolver for Walker Zanger


Cedar Croft Consulting structured and secured a $17 million revolving credit facility for Walker Zanger. The revolver will be used to support the organization’s financing goal for its strategic business plan.

Based in Los Angeles, Walker Zanger distributes ceramic, granite, marble and limestone tiles and slabs to wholesalers and retail customers servicing the luxury tile and stone market for new home construction and remodeling.

Walker Zanger brought in Cedar Croft to secure the company’s necessary financing. Cedar Croft President and Managing Director Patrick Walsh managed the transaction, reviewing the company-prepared business plan, financial projections, historical financial information and existing lender arrangements. He developed a loan structure to support the business plan and drafted a proposed lender’s term sheet. Upon negotiating and securing term sheets from selected lenders, Walsh recommended the most appropriate choice for the company.

“Understanding the critical elements of Walker Zanger’s business plan and financing needs was a key component of this engagement,” said Walsh. “With Cedar Croft’s knowledge of the middle market lending community, we were able to quickly identify a number of suitable and interested lenders.”