MidCap Business Credit completed an $11.2 million asset-based credit facility for a producer of luxury bottled and canned water products headquartered in New York. The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT.

“We were able to provide a flexible asset-based credit facility comprised of a revolver and equipment term loan,” Seth Cooper, senior vice president and national sales manager of MidCap Business Credit, said. “Our credit facility will be utilized to support the company’s growth and provide the liquidity they require to execute on their strategic plan.”