Gordon Brothers provided a $6 million first-in, last-out loan to Allstar Marketing Group as part of a new $50 million credit facility. The U.S.-based multichannel marketing services company will use the facility to refinance its current indebtedness and finance its ongoing working capital needs.
“Following Allstar Marketing Group’s rapid top- and bottom-line growth, the company found itself in need of a flexible financing partner,” Kyle C. Shonak, senior managing director of the transaction team and head of North America lending at Gordon Brothers, said. “We’re proud to support the marketing firm’s continued growth and secure its access to working capital.”
“Gordon Brothers was a supportive partner, and we are excited to be working with them,” Scott Boilen, CEO of Allstar Marketing Group, said. “The team was fast, responsive, constructive and reasonable at every turn.”
