MidCap Business Credit closed an asset-based credit facility for Global Tissue Group.
Headquartered in Medford, NY, Global Tissue Group is a private label paper manufacturer for paper towels, napkins, bath and facial tissue.
“We are excited to close a deal with the team at Global Tissue. We were able to structure a flexible credit facility to assist the company in achieving its financial objectives,” said Seth Cooper, senior vice president of MidCap Business Credit.
“Our new facility with increased availability compared to our prior facility, will assist us in continuing to grow our business while improving overall financing costs”, said Philip Shaoul, Global Tissue’s president.
The opportunity originated from MidCap’s headquarters in West Hartford, CT.
