Concord Financial Advisors served as exclusive financial advisor and arranger for a $15 million senior secured revolving line of credit for Summit Golf Brands. CIBC Bank provided the financing, which Summit Golf Brands will use to refinance existing debt and to provide additional working capital.
“At the beginning of our process, the team at Concord Financial Advisors took the time to fully understand our business and what we were looking for in a new lending partner,” Chad Delp, president and CEO of Summit Golf Brands, said. “By effectively pre-screening lenders from their extensive network before the process started, they quickly developed a very competitive process that ultimately led to a much-improved credit facility and financial partner in CIBC for Summit Golf Brands. I highly recommend Tom Jones and his team to any company thinking about exploring new options in the credit markets.”