Edge Capital Lending, a family-office backed asset-based lending company, has secured $92 million in new commitments since the start of 2024. The company also recently facilitated a $40 million deal as the primary agent, extending a revolving line of credit to FPL Food, a cow processing facility in the U.S.
“Edge Capital demonstrated an ability to understand the dynamic nature of our business and provide a creative lending solution,” Francios Leger, CEO of FPL Food, said. “They have been very flexible in their structure and thoughtful throughout the entire process. FPL is very enthusiastic about our lending partnership with Edge.”
Additional recently-closed facilities from Edge Capital Lending include:
- A $25 million line of credit to a sustainable biomass wood pellets producer serving as the exclusive supplier to a European electric utility producer.
- A $10 million line of credit, featuring a flexible growth facility, to a California-based distributor of premium hairstyle tools. The client’s retail network includes outlets such as Ulta, Amazon, Nordstrom and Sephora.
- A $6 million line of credit, incorporating a flexible growth facility, for a California-based global omni-channel brand retailer specializing in eco-friendly stainless-steel drinkware and food storage containers.
- A $6 million line of credit to a 40-year-old injection molding firm that catered to the requirements of private equity investors seeking adaptable credit solutions to support growth initiatives and working capital needs.
- A $5 million line of credit for a sustainability-driven chocolate company, enabling the acquisition of the business from its previous ownership while ensuring ongoing working capital availability.